46:10B-49.1 Database reflecting extent of residential properties under foreclosure.
257 words·~1 min read·
/nj/title-46/chapter-10b/46-10b-49-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. a. The Department of Community Affairs shall produce a database that details the extent to which residential properties in this State are under foreclosure pursuant to the "Fair Foreclosure Act," P.L.1995, c.244 (C.2A:50-53 et seq.). The department shall develop, maintain, and update the database based upon information submitted to the department by residential mortgage lenders pursuant to section 2 of P.L.2019, c.134 (C.46:10B-49.2), and information obtained from any other public sources.
b. The database shall contain:
(1)The address of each residential property under foreclosure and the county, municipality, lot and block number;
(2)the current owner of record; and
(3)the date the notice of intention to foreclose was sent to the residential mortgage debtor by registered or certified mail, return receipt requested.
c. The database shall be considered confidential and shall be used only by the department, the county clerks, the county registers of deeds and mortgages, the county sheriffs, the Administrative Office of the Courts and such other agencies as the Commissioner of Community Affairs designates, except that a municipality shall have access to the database only with respect to information pertaining to the geographical area within the municipality's jurisdiction. The database shall not be subject to public access, inspection or copying pursuant to P.L.1963, c.73 (C.47:1A-1 et seq.) or the common law concerning access to public records.
d. The Commissioner of Community Affairs may adopt rules and regulations, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to effectuate the provisions of P.L.2019, c.134 (C.46:10B-49.1 et al.).
L.2019, c.134, s.1.