There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 46 - Property
Section 46:9-8.3 - No Outstanding Indebtedness
NJ Rev Stat § 46:9-8.3 (2016) What's This?
46:9-8.3. No outstanding indebtedness
The priority of the lien of a mortgage loan shall not be affected by the fact that there may not have been any outstanding indebtedness at some time or times during the term specified in the mortgage.
L. 1985, c. 353, s. 3, eff. Nov. 9, 1985.
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