New Jersey Statutes 17:6-53.2. Mortgages securing veterans’ loans not subject to s.s. 17:6-55, 17:6-59
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Terms Used In New Jersey Statutes 17:6-53.2
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
In case a mortgage on real or personal property is taken as security for any such loan, it shall not be subject to the provisions of sections 17:6-55 or 17:6-59 of the Revised Statutes; provided, however, that in every such case such property shall be located within the State of New Jersey.
L.1945, c. 81, p. 415, s. 2.