N.J.S.A. 2A:50-52 — No deficiency judgment

2A:50-52. No deficiency judgment Upon a foreclosure under authority of this article there shall be no deficiency judgment. L.1951 (1st SS), c.344. 2A:50-53. Short title 1. This act shall be known and may be cited as the "Fair Foreclosure Act." L.1995,c.244,s.1. 2A:50-54. Findings, declarations on payment of home mortgages 2. The Legislature hereby finds and declares it to be the public policy of this State that homeowners should be given every opportunity to pay their home mortgages, and thus keep their homes; and that lenders will be benefited when residential mortgage debtors cure their defaults and return defaulted residential mortgage loans to performing status. L.1995,c.244,s.2.

This is the verbatim text of N.J.S.A. 2A:50-52, 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.