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NEW JERSEY STATUTES AND CODES
46:9-8.3 - No outstanding indebtedness
46:9-8.3. No outstanding indebtedness
The priority of the lien of a mortgage loan shall not be affected by the fact that there may not have been any outstanding indebtedness at some time or times during the term specified in the mortgage.
L. 1985, c. 353, s. 3, eff. Nov. 9, 1985.
The priority of the lien of a mortgage loan shall not be affected by the fact that there may not have been any outstanding indebtedness at some time or times during the term specified in the mortgage.
L. 1985, c. 353, s. 3, eff. Nov. 9, 1985.
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