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Terms Used In New Jersey Statutes 54:5-104.37

  • 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
The fees to be paid to the clerk of the court on the institution of an action shall be twenty-five dollars ($25.00), except when a foreclosure is sought as to more than twenty-five certificates, in which case the clerk shall be entitled to fifty cents ($0.50) for each certificate in excess of twenty-five.

L.1948, c. 96, p. 536, s. 9. Amended by L.1953, c. 51, p. 902, s. 61.