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New Jersey Statutes, Title: 46, PROPERTY
Chapter 10b:
Section: 46:10b-14: Use for dwelling units; limits on interest
Graduated payment mortgages may be secured only by real estate on which there is erected or to be erected a structure containing one, two, three, four, five, or six dwelling units, a portion of which structure may be used for non-residential purposes, and interest thereon shall not exceed the usury rate established pursuant to R.S. 31:1-1 at any time during the term of the mortgage.
L.1979, c. 139, s. 3, eff. July 6, 1979.
This section added to the Rutgers Database: 2012-09-26 13:37:54.
Older versions of 46:10b-14 (if available):
Court decisions that cite this statute:
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