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NEW JERSEY STATUTES AND CODES
17:46B-11 - Prohibition upon guaranteeing mortgages and completion
17:46B-11. Prohibition upon guaranteeing mortgages and completion
A title insurance company shall not, in any manner whatsoever, guarantee the payment of the principal or the interest of bonds or other obligations secured by mortgages upon real property; nor shall a title insurance company, in any manner whatsoever guarantee the completion of any building, structure or project.
L.1975, c. 106, s. 11, eff. May 29, 1975.
A title insurance company shall not, in any manner whatsoever, guarantee the payment of the principal or the interest of bonds or other obligations secured by mortgages upon real property; nor shall a title insurance company, in any manner whatsoever guarantee the completion of any building, structure or project.
L.1975, c. 106, s. 11, eff. May 29, 1975.
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