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Terms Used In New Jersey Statutes 17:16F-14

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The Commissioner of Banking shall report annually to the appropriate committees of the Legislature regarding existing and suggested regulations which assure that borrowers are treated fairly and are afforded adequate protection from arbitrary changes in commitment terms, interest rates, lock-in agreements and fees related to their mortgage loans.

L.1990,c.48,s.3.