New Jersey § 17:2a-2
Full text of New Jersey New Jersey Statutes § 17:2a-2, with citation guidance and answers to common questions.
§ 17:2a-2.
The Commissioner of Banking and Insurance may adopt rules and regulations affecting
financial institutions which hold, make or purchase mortgage loans within a disaster
area during a period of emergency. Such rules and regulations may, to the extent deemed necessary by the commissioner,
authorize financial institutions to refinance, compromise, adjust or otherwise relax
provisions of mortgage loans held by them on property within a disaster area, or to
make or purchase mortgage loans on such property notwithstanding any law of this State
concerning ratio of mortgage loans to appraised value, rank of lien, minimum amortization,
maximum maturity date, prior appraisals, or other limitations which the commissioner
determines should be waived, modified or relaxed during a period of emergency.
Frequently Asked Questions About New Jersey § 17:2a-2
What does New Jersey Statutes § 17:2a-2 cover?
Section 17:2a-2 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:2a-2?
A common citation format is "New Jersey Statutes § 17:2a-2" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:2a-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.