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New Jersey Statutes, Title: 2A, ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

    Chapter 50: No personal deficiency judgment in foreclosure actions or execution thereon for balance due

      Section: 2A:50-2.1: Time for bringing action on note for deficiency

           In the case of a mortgage given to secure a debt evidenced by a note, where foreclosure proceedings are instituted within the time prescribed by the Statute of Limitations, action on the note for any deficiency may be commenced within the 3-month period provided by N.J.S. 2A:50-2, regardless of whether said action would otherwise be barred for lapse of time.

L.1979, c. 286, s. 11.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 2a:50-2.1 (if available):



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