55:17-5. Nature, identity or status of person with whom lease or financial agreement may be made
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/nj/title-55/chapter-17/55-17-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Limiting and restrictive provisions of any statute otherwise applicable, in respect to the nature, identity or status of any person with whom a lease or financial agreement may be lawfully made shall be applied to the project only, in case of a default or foreclosure, and shall not be applicable to the holder of the mortgage loan.
L.1967, c. 304, s. 5, eff. Feb. 15, 1968.