New Jersey Statutes 2A:50-12. Prior judgments by confession validated
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Terms Used In New Jersey Statutes 2A:50-12
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
L.1911, c. 354, p. 740 (R.S. 2:65-8), entitled “A supplement to an act entitled “supplement to an act entitled “an act concerning proceedings on bonds and mortgages given for the same indebtedness and the foreclosure and sale of mortgaged premises thereunder” (which said act was approved March 12, 1880), and which supplement was approved May 28, 1907′ ” , approved May 2, 1911, saved from repeal. [This act is a validating act as to prior judgments by confession.]
L.1951 (1st SS), c.344.