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New Jersey Statutes, Title: 55, TENEMENT HOUSES AND PUBLIC HOUSING

    Chapter 17: Continuation of lease or financial arrangement on default or foreclosure of mortgage loan

      Section: 55:17-6: Modifying or supplementing mortgage loan; written consent of holder

           So long as any mortgage loan remains unsatisfied in respect to any project, no agreement shall be made between the governmental body or agency on any lease or financial agreement and the other party thereto, either to modify or supplement any provision thereof, or to exercise any option or right thereunder, including any option to surrender a tax arrangement, without the prior written consent of the holder of the mortgage loan.

L.1967, c. 304, s. 6, eff. Feb. 15, 1968.



This section added to the Rutgers Database: 2012-09-26 13:37:57.






Older versions of 55:17-6 (if available):



Court decisions that cite this statute: CLICK HERE.