2016 New Jersey Revised Statutes
Title 46 - Property
Section 46:10B-7 - Failure To Accept Additional Payments; Forfeiture Of Interest

NJ Rev Stat § 46:10B-7 (2016) What's This?

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.

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