New Jersey § 38:23c-16

§ 38:23c-16.

a. The provisions of this section shall apply only to obligations secured by mortgage,

trust deed, or other security in the nature of a mortgage upon real or personal property

owned by a person in military service at the commencement of the period of his military

service and still so owned by him which obligations originated prior to such person's

period of military service. b. In any proceeding commenced in any court during the period of military service

to enforce such obligation arising out of nonpayment of any sum thereunder due or

out of any other breach of the terms thereof occurring prior to or during the period

of such service the court may, after hearing, in its discretion, on its own motion,

and shall, except as hereinafter provided in this act, on application to it by such

person in military service or some person on his behalf, unless in the opinion of

the court the ability of the defendant to comply with the terms of the obligation

is not materially affected by reason of his military service: (1) Stay the proceedings as provided in this act; or (2) Make such other disposition of the case as may be equitable to conserve the interest

of all parties. c. No sale, foreclosure, or seizure of property for nonpayment of any sum due under

any such obligation, or for any other breach of the terms thereof, whether under a

power of sale, under a judgment entered upon warrant of attorney to confess judgment

contained therein, or otherwise, shall be valid if made during the period of military

service, or within 3 months thereafter, unless upon an order of sale previously granted

by the court and a return thereto made and approved by the court. d. Any person who shall knowingly cause to be made any sale, foreclosure or seizure

of property defined as invalid by paragraph c. hereof, or attempts so to do, shall

be adjudged a disorderly person and shall be punished by imprisonment not to exceed

6 months, or by fine not to exceed $1,000.00, or both.