New Jersey § 17:9a-64
Full text of New Jersey New Jersey Statutes § 17:9a-64, with citation guidance and answers to common questions.
§ 17:9a-64.
A bank or savings bank may originate or acquire mortgage loans secured by a mortgage
constituting a lien upon real property or upon a lease of the fee of real property,
so long as the bank observes prudent banking practices, including amortization of
the loans. The value of any mortgage loan shall not exceed 90 per cent of the appraised value
of the mortgaged property, except for a mortgage loan that is less than $100,000 or
as permitted by the Commissioner of Banking and Insurance by regulation. A bank or savings bank shall obtain an appropriate evaluation of the real property
collateral that is consistent with safe and sound banking practices.
Frequently Asked Questions About New Jersey § 17:9a-64
What does New Jersey Statutes § 17:9a-64 cover?
Section 17:9a-64 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 § 17:9a-64?
A common citation format is "New Jersey Statutes § 17:9a-64" (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 § 17:9a-64 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.