New Jersey Statutes 46:10A-5. Violation; penalty
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Terms Used In New Jersey Statutes 46:10A-5
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- 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
If the company issuing the mortgagee policy of title insurance shall fail to comply with the provisions of section 1 of this act the said company shall forfeit to the State of New Jersey the sum of $100.00, to be recovered with costs in a civil action to be prosecuted by the Attorney General who shall prosecute such actions whenever it shall appear that this act has been violated.
L.1964, c. 100, s. 3.