New Jersey Statutes 46:10B-59. Waiver void, unenforceable

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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}

7. a. Any waiver by an owner of the provisions of section 4, 5, or 6 of this act is void and unenforceable as contrary to public policy.

b. Any attempt by a foreclosure consultant to induce an owner to waive the owner’s rights is a violation of this act.

L.2011, c.146, s.7.

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