reglab/housing_qa huggingface dataset:
NJ Rev Stat § 46:9-4 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-4 - Covenant to pay indebtedness

46:9-4. Covenant to pay indebtedness  A covenant in any mortgage in the words, "That will pay the indebtedness as hereinbefore provided" shall be construed to have the same force and effect as the following words: "And the said for himself, his heirs, executors, administrators or successors covenants and agrees to pay unto the said party of the second part, his heirs, executors, administrators, successors or assigns, the said sum of money and interest as mentioned above and expressed in the conditions of the said bond."
NJ Rev Stat § 46:9-5 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-5 - Covenant as to insurance

46:9-5. Covenant as to insurance  A covenant in any mortgage in the words, "That the buildings on the premises shall be kept insured against loss by fire for the benefit of the holder hereof" shall be construed to have the same force and effect as the following words: "And it is agreed by and between the parties to these presents that the said mortgagor for himself, his heirs, executors, administrators, successors and assigns, shall and will keep the buildings erected and to be erected upon the lands described in said mortgage insured against loss or damage by fire by insurers and in an amount both approved by the mortgagee, his executors, administrators, successors or assigns, and assign and deliver the policy or policies and the certificates thereof to the said mortgagee, his executors, administrators, successors or assigns, and in default thereof it shall be lawful for the said mortgagee, his executors, administrators, successors or assigns, to effect such insurance, and the premium and premiums paid for effecting the same shall be a lien on said mortgaged premises added to the amount of the said bond or obligation and secured by these presents, payable on demand with legal interest thereon from the time of the payment of such premium or premiums."
NJ Rev Stat § 46:9-6 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-6 - Covenant as to acceleration

46:9-6. Covenant as to acceleration  A covenant in any mortgage in the words, "That the whole of the principal sum shall at the option of the holder of the mortgage become due after default in the payment of any installment of principal or interest for (number to be inserted) days, or after default in the payment of any tax, water rate or assessment for (number of days to be inserted) days, or in default in keeping the buildings insured against loss by fire for the benefit of and to the satisfaction of the holder of the mortgage" , shall be construed to have the same force and effect as the following: "Should any default be made in the payment of any installment of principal or any part thereof, or of the said interest or any part thereof, on any day whereon the same is made payable, as above expressed, or should any tax, assessment, water rate or other municipal or governmental rate, charge, imposition or lien be hereafter imposed or acquired against the premises described in this mortgage and become due and payable, and should the said interest or installment of principal remain unpaid and in arrears for the space of (number inserted) days, or should said tax, assessment, water rent or other municipal or governmental rate, charge, imposition or lien, or any or either of them, remain unpaid and in arrears for the space of (number inserted) days, then and from thenceforth, that is to say, after the lapse or expiration of either of said periods, as the case may be, or should any default be made in keeping the buildings insured against loss by fire for the benefit of and to the satisfaction of the holder of said mortgage, then the whole principal sum with all arrearages of interest thereon, shall at the option of the mortgagee, his heirs, executors, administrators, successors or assigns, become due and payable immediately thereafter, although the period above limited for the payment thereof may not then have expired, anything hereinbefore contained to the contrary thereof in anywise notwithstanding."
NJ Rev Stat § 46:9-7 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-7 - Covenant as to declaration of no offset

46:9-7. Covenant as to declaration of no offset  A covenant in any mortgage in the words, "That the mortgagor within (number to be inserted) days, upon written request of the holder thereof, will furnish at the expense of said holder a statement of the amount due on this mortgage" , shall be construed to have the same force and effect as the following words: "The mortgagor and any subsequent owner of the premises herein, upon written request served personally by the holder hereof, shall at the latter's expense certify to such person as the holder may designate, by writing duly acknowledged, the amount of principal and interest then owing on this mortgage, and whether any offsets or defenses exist against the mortgage debt; upon failure to furnish such certificate after the expiration of (number inserted) days, this mortgage shall, at the option of the holder hereof, become due and payable, anything herein contained to the contrary in anywise notwithstanding, provided said notice shall include a copy of this provision of this section."
NJ Rev Stat § 46:9-7.1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-7.1 - Express agreement required for assumption of mortgage debt

46:9-7.1. Express agreement required for assumption of mortgage debt  Whenever real estate situate in this State shall be sold and conveyed subject to an existing mortgage or is at the time of any such sale or conveyance subject to an existing mortgage, the purchaser shall not be deemed to have assumed the debt secured by such existing mortgage and the payment thereof by reason of the amount of any such mortgage being deducted from the purchase price or by being taken into consideration in adjusting the purchase price, nor for any other reason, unless the purchaser shall have assumed such mortgage debt and the payment thereof by an express agreement in writing signed by the purchaser or by the purchaser's acceptance of a deed containing a covenant to the effect that the grantee assumes such mortgage debt and the payment thereof. L.1947, c. 288, p. 1000, s. 1, eff. June 18, 1947.
NJ Rev Stat § 46:9-8 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8 - Purchase money mortgage over judgments

46:9-8. Purchase money mortgage over judgments  Whenever real estate situate in this state is or shall be sold and conveyed, and a mortgage is given by the purchaser at the same time, on the real estate sold, to secure the payment of the purchase money or any part thereof, such mortgage shall be preferred to any previous judgment which may have been obtained against such purchaser.
NJ Rev Stat § 46:9-8.1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8.1 - Definitions

46:9-8.1. Definitions  1. As used in this act: a. "Mortgage loan" means any loan or line of credit, except a construction loan, which states a maximum specified principal amount and which is secured by an interest in real property. b. "Construction loan" means a loan for a fixed term of no more than three years which is secured by a lien on real property and which is made by the lender for the sole purpose of financing the erection, construction, completion, addition to, alteration or repair of improvements to real property. c. "Line of credit" means an agreement whereby a lender is obligated to provide a specified amount of credit to a borrower from time to time. The agreement may include provisions to amend or change the interest rate or terms of repayment and shall be an obligation for the purposes of this section notwithstanding the inclusion of one or more of the following limitations and conditions: (1) An expiration date of the agreement or an option of the lender to cancel the agreement on notice to the borrower; (2) The financial condition of any borrower; (3) Continued compliance by the borrower with the terms of the agreement and any mortgage or security agreement securing the amounts advanced pursuant to the agreement; (4) The absence of an adverse change in the value or condition of any collateral securing the agreement; (5) A requirement of certain procedures for activating the obligation to make advances pursuant to the agreement; or (6) A decision of the lender not to continue to engage in the business of providing lines of credit on terms similar to the agreement. d. "Modification" means: (1) With respect to a mortgage loan other than a line of credit, a change in the interest rate, due date or other terms and conditions of a mortgage loan except an advance of principal; or (2) With respect to a line of credit, a change in the interest rate, due date or other terms and conditions and an advance of principal made pursuant to the line of credit but only to the extent that the advance does not cause the principal balance due to exceed the principal amount stated in the line of credit plus accrued interest; (3) Payments for taxes, assessments and insurance and other payments made by the mortgagee pursuant to the terms of the mortgage or line of credit are included with the amounts which have priority pursuant to section 2 of P.L.1985, c.353 (C.46:9-8.2) and are not included in the phrase "advance of principal;" (4) "Modification" does not include a substitution in the collateral. L.1985,c.353,s.1; amended 1997, c.427, s.1; 1998, c.130.
NJ Rev Stat § 46:9-8.2 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8.2 - Priority preserved

46:9-8.2. Priority preserved  2. Notwithstanding any other law to the contrary, the priority of the lien of a mortgage loan which has undergone a modification, as defined by this act, shall relate back to and remain as it was at the time of recording of the original mortgage as if the modification was included in the original mortgage or as if the modification occurred at the time of recording of the original mortgage. The priority granted by this section shall not apply to any balance due in excess of the maximum specified principal amount which is secured by the mortgage, plus accrued interest, payments for taxes and insurance, and other payments made by the mortgagee pursuant to the terms of the mortgage.  L.1985,c.353,s.2; amended 1991,c.364.
NJ Rev Stat § 46:9-8.3 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8.3 - No outstanding indebtedness

46:9-8.3. No outstanding indebtedness  The priority of the lien of a mortgage loan shall not be affected by the fact that there may not have been any outstanding indebtedness at some time or times during the term specified in the mortgage.  L. 1985, c. 353, s. 3, eff. Nov. 9, 1985.
NJ Rev Stat § 46:9-8.4 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8.4 - Prior recorded liens

46:9-8.4. Prior recorded liens  Liens of mortgage loans recorded prior to the effective date of this act:  a. With respect to liens effective prior to the effective date of this act, shall continue the same priority position pursuant to the law in effect prior to this act, and  b. With respect to liens effective on or after the effective date of this act, shall have the priority provided in this act as if the mortgage loan recorded prior to the effective date of this act was recorded at the time this act became effective.  L. 1985, c. 353, s. 4, eff. Nov. 9, 1985.
NJ Rev Stat § 46:9-8.5 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-8.5 - Title insurance to continue in effect despite modification to mortgage loan; exception.

46:9-8.5 Title insurance to continue in effect despite modification to mortgage loan; exception.  2. If a holder of a mortgage loan has insured the holder's interest in the real property securing the mortgage loan with title insurance issued in accordance with the "Title Insurance Act of 1974," P.L.1975, c.106 (C.17:46B-1 et seq.) and a modification has been made in the mortgage loan which continues the priority of the original mortgage as provided in section 2 of P.L.1985, c. 353 (C.46:9-8.2), the title insurance shall continue in effect whether or not the modification agreement is recorded on the records of the county where the mortgage is recorded, unless the terms of the title insurance policy explicitly provide that the policy will not continue to apply if a modification of a mortgage loan takes place pursuant to P.L.1985, c.353 (C.46:9-8.1 et seq.). L.1997, c.427,s.2.
NJ Rev Stat § 46:9-9 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:9-9 - Assignment of mortgages

46:9-9. Assignment of mortgages  46:9-9. All mortgages on real estate in this State, and all covenants and stipulations therein contained, shall be assignable at law by writing, whether sealed or not, and any such assignment shall pass and convey the estate of the assignor in the mortgaged premises, and the assignee may sue thereon in his own name, but, in any such action by the assignee, there shall be allowed all just set-offs and other defenses against the assignor that would have been allowed in any action brought by the assignor and existing before notice of such assignment.  Amended 1987,c.357,s.4.
NJ Rev Stat § 46:10-1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10-1 - Support of party or other walls adjacent to excavations eight feet in depth

46:10-1. Support of party or other walls adjacent to excavations eight feet in depth  Whenever excavations, for buildings or other purposes, on any lot or piece of land, shall be intended to be carried to a depth of more than eight feet below the curb or grade of the street, and there shall be any party or other wall, wholly or partly on adjoining land, and standing upon or near the boundary lines of such lot or piece of land, the person causing such excavations to be made, if afforded the necessary license to enter on the adjoining land, but not otherwise, shall, at all times, from the commencement until the completion of such excavations, preserve, at his own expense, such party or other wall from injury, and so support the same by a proper foundation that it shall remain as stable as before such excavations were commenced.
NJ Rev Stat § 46:10A-1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10A-1 - Demanding or exacting money or other valuable thing for making or obtaining mortgage loan

46:10A-1. Demanding or exacting money or other valuable thing for making or obtaining mortgage loan  Whenever any agreement for the sale of real estate is conditioned upon any person named therein obtaining a mortgage loan upon such real estate in order that he may perform such agreement on his part, it shall be unlawful for any person to demand or exact for himself, or for any other person, from any party named in said agreement, any sum of money, or other valuable thing, for the making or obtaining of such loan, or in connection with the closing or final settlement pursuant to said agreement other than is provided in said agreement, unless written notice of the sum or thing which will be exacted or demanded, and the person from whom it will be exacted and demanded, shall be served upon each party to said agreement not less than 12 days before said closing or final settlement provided, however, that where final settlement or closing is to take place at a time less than 12 days after the date of said agreement, the written notice required by this act shall be served upon each party immediately upon the signing of said agreement. The provisions of this act shall apply to premiums, discounts, commissions and other such charges exacted from any party to the agreement, as a consideration for making a loan, but shall not apply to reasonable and customary fees for title examination, and all necessary documents in connection therewith, legal fees, survey, appraisal fees and pro rata portion of the ground rents, hazard insurance premiums, current year's taxes and other prepaid items normally involved in financing such transactions. L.1960, c. 179, p. 722, s. 1, eff. Jan. 18, 1961.
NJ Rev Stat § 46:10A-2 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10A-2 - Violators as disorderly persons

46:10A-2. Violators as disorderly persons  Any person who violates any provision of this act shall be a disorderly person, and any payment or thing paid or exacted in violation of this act may be recovered from the person receiving the same, in a civil action, with treble damages measured by the amount or value thereof. L.1960, c. 179, p. 723, s. 2.
NJ Rev Stat § 46:10A-3 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10A-3 - Issuance of mortgagee title insurance policy required; notice to mortgagor

46:10A-3. Issuance of mortgagee title insurance policy required; notice to mortgagor  Whenever in connection with the making of a real estate purchase money mortgage loan upon a 1, 2, 3 or 4 family dwelling house for a term exceeding 2 years, the mortgagee requires the issuance of a mortgagee policy of title insurance, the company issuing the policy of title insurance shall prior to the disbursement of the mortgage funds cause the mortgagor to be advised in writing of the fact that a mortgagee title insurance policy is to be issued, the name or names of the insured under said policy, and of the face amount of such policy. Such notice shall also advise the mortgagor of his right and opportunity to obtain title insurance in his own favor if the same has not already been ordered or obtained. L.1964, c. 100, s. 1.
NJ Rev Stat § 46:10A-4 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10A-4 - Statement of receipt of notice by mortgagor

46:10A-4. Statement of receipt of notice by mortgagor  At or before the closing of the mortgage loan transaction the company issuing the title insurance shall obtain from the mortgagor a statement in writing that he has received the notice required under section 1 of this act. L.1964, c. 100, s. 2.
NJ Rev Stat § 46:10A-5 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10A-5 - Violation; penalty

46:10A-5. Violation; penalty  If the company issuing the mortgagee policy of title insurance shall fail to comply with the provisions of section 1 of this act the said company shall forfeit to the State of New Jersey the sum of $100.00, to be recovered with costs in a civil action to be prosecuted by the Attorney General who shall prosecute such actions whenever it shall appear that this act has been violated. L.1964, c. 100, s. 3.
NJ Rev Stat § 46:10B-1 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-1 - Definitions

46:10B-1. Definitions  As used in this act: (a) "Mortgage loan" means a loan secured by an interest in real property consisting of land upon which is erected or to be erected, in whole or in part with the proceeds of such loan, a structure containing one, two, three, four, five or six dwelling units, a portion of which structure may be used for nonresidential purposes and upon which interest is taken or contracted for at a rate in excess of $6.00 for the forbearance of $100.00 for a year; (b) "Mortgagor" includes any person other than a corporation liable for the payment of a mortgage loan, and the owner of the real property which secures the payment of a mortgage loan; (c) "Prepayment" of a mortgage loan means the payment in full of the balance owing on a mortgage loan at any time prior to the time limited for the final payment of such loan in an instrument evidencing such loan. L.1968, c. 54, s. 1, eff. June 6, 1968. Amended by L.1979, c. 85, s. 2, eff. May 10, 1979.
NJ Rev Stat § 46:10B-2 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-2 - Prepayment of mortgage loan without penalty

46:10B-2. Prepayment of mortgage loan without penalty  Prepayment of a mortgage loan may be made by or on behalf of a mortgagor at any time without penalty. L.1968, c. 54, s. 2, eff. June 6, 1968. Amended by L.1973, c. 297, s. 1, eff. Dec. 6, 1973; L.1975, c. 87, s. 1, eff. May 8, 1975; L.1979, c. 85, s. 3, eff. May 10, 1979; L.1979, c. 253, s. 2, eff. Dec. 21, 1979.
NJ Rev Stat § 46:10B-3 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-3 - Additional payments

46:10B-3. Additional payments  A mortgagor shall have the right, during any 6 month period beginning with the date of the mortgage loan, to pay, without charge or penalty, an additional sum of $50.00, or multiples thereof, on account of the principal amount owing on a mortgage loan, provided that the additional sums so paid and the principal payments required to be made by the terms of such mortgage loan during such 6 month period do not together exceed in any such 6 month period 33 1/3 % of the face amount of such mortgage loan. The right to make additional payments as provided by this section shall not be cumulative, and to the extent that it is not exercised during any 6 month period, shall lapse. L.1968, c. 54, s. 3, eff. June 6, 1968. Amended by L.1979, c. 86, s. 19, eff. May 15, 1979; L.1979, c. 388, s. 11, eff. Feb. 5, 1980.
NJ Rev Stat § 46:10B-4 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-4 - Invalidity of mortgage provisions

46:10B-4. Invalidity of mortgage provisions  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.
NJ Rev Stat § 46:10B-5 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-5 - Violation; return of fees plus interest

46:10B-5. Violation; return of fees plus interest  Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly demand and receive prepayment fees, except as provided in this act, shall be liable to the mortgagor for the return of the whole amount of the prepayment fees so received, plus interest thereon from the date of such receipt at the rate of 6% per annum. L.1968, c. 54, s. 5, eff. June 6, 1968.
NJ Rev Stat § 46:10B-6 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-6 - Failure to deliver cancellation or discharge; forfeiture of fee

46:10B-6. Failure to deliver cancellation or discharge; forfeiture of fee  Any holder of a mortgage loan or agent acting on behalf of such holder who shall willfully fail or refuse to deliver a cancellation or discharge of a mortgage loan within a reasonable time after tender to him of the amount owing thereon together with the prepayment fee, if any, as provided in this act, shall forfeit his right to receive any prepayment fee, and the Superior Court shall have jurisdiction, in a summary action or otherwise, to order such cancellation or discharge upon payment into court of the amount owing thereon. L.1968, c. 54, s. 6, eff. June 6, 1968.
NJ Rev Stat § 46:10B-7 (2021)
2021 New Jersey Revised Statutes|Title 46 - Property|Section 46:10B-7 - Failure to accept additional payments; forfeiture of interest

46:10B-7. Failure to accept additional payments; forfeiture of interest  Any holder of a mortgage loan or agent acting on behalf of such holder who shall wilfully fail or refuse to accept additional payments tendered pursuant to section 3 of this act shall forfeit his right to receive interest on the amount so tendered. L.1968, c. 54, s. 7, eff. June 6, 1968.