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Code · New Jersey · Title 46 — Water Rights · Chapter 10B

46:10B-4. Invalidity of mortgage provisions

75 words·~1 min read·/nj/title-46/chapter-10b/46-10b-4

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No provision in a mortgage or instrument of indebtedness which denies the rights conferred by sections 2 and 3 of this act, or which provides for prepayment fees in excess of those permitted by this act, or in which the rights conferred by sections 2 and 3 of this act are modified to the detriment of the mortgagor, or are waived or surrendered, shall be enforceable.
L.1968, c. 54, s. 4, eff. June 6, 1968.
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