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Terms Used In New Jersey Statutes 54:5-104.29

  • 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
This act shall be known as the In Rem Tax Foreclosure Act (1948).

L.1948, c. 96, p. 534, s. 1.