2013 New Jersey Revised Statutes
Title 46 - PROPERTY
Section 46:18-11.4 - Failure to comply; liability for costs of action for cancellation
46:18-11.4. Failure to comply; liability for costs of action for cancellation
Any mortgagee or his assigns who fail to comply with section 1 of this act shall be liable to the mortgagor, or his heirs, successors or assigns who have an interest in the mortgaged premises for the cost of any legal action to have the mortgage canceled of record, including reasonable attorneys' fees, but no attorneys' fees shall be allowed unless 20 days written notice is given to the mortgagee prior to institution of suit.
L.1975, c. 137, s. 3.
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