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

2A:50-62. Nonapplicability of act

63 words·~1 min read·/nj/title-2a/chapter-50/2a-50-62

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10. The provisions of sections 1 through 9 of this act shall not apply to the foreclosure of a non-residential mortgage nor to collection of the obligation by means other than enforcing the lender's lien on the residential property. A lender shall not be required to foreclose a residential mortgage and a non-residential mortgage securing the same obligation in the same proceeding.
L.1995,c.244,s.10.
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