17:46B-11. Prohibition upon guaranteeing mortgages and completion
58 words·~1 min read·
/nj/title-17/chapter-46b/17-46b-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A title insurance company shall not, in any manner whatsoever, guarantee the payment of the principal or the interest of bonds or other obligations secured by mortgages upon real property; nor shall a title insurance company, in any manner whatsoever guarantee the completion of any building, structure or project.
L.1975, c. 106, s. 11, eff. May 29, 1975.