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Code · New Jersey · Title 2A — Administration of Civil and Criminal Justice · Chapter 50

2A:50-21. Bar of equity of redemption

52 words·~1 min read·/nj/title-2a/chapter-50/2a-50-21

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If a mortgagee or those holding under him shall be in possession of the real estate specified in the mortgage, or any part thereof, for 20 years after a default of payment by the mortgagor, the right or equity of redemption in the mortgage shall be forever barred.
L.1951 (1st SS), c.344.
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