N.J.S.A. 2A:50-21

Bar of equity of redemption

2A:50-21. Bar of equity of redemption If a mortgagee or those holding under him shall be in possession of the real estate specified in the mortgage, or any part thereof, for 20 years after a default of payment by the mortgagor, the right or equity of redemption in the mortgage shall be forever barred. L.1951 (1st SS), c.344.

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This is the verbatim text of N.J.S.A. 2A:50-21, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 2A:50-21 — Bar of equity of redemption | Kyzer