2009 New Jersey Code
TITLE 2A - ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
2a:50
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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