New Jersey § 2a:50-43
Full text of New Jersey New Jersey Statutes § 2a:50-43, with citation guidance and answers to common questions.
§ 2a:50-43.
Whenever, under the terms of a mortgage it is provided that there shall be paid on
account of the principal sum secured thereby any payment on account thereof, due at
a time or times therein specified, the holder of the mortgage may, whenever the owner
of the mortgaged premises defaults in making any such payment on account of the principal
sum, at the time when the same has become due, or within such period of grace as is
designated in the mortgage or the evidence of debt secured thereby, elect to foreclose
the mortgage only to the extent that there is due and unpaid thereunder any payment
required to be made on account of the principal, either by the terms of the mortgage
or the evidence of debt secured thereby.
Frequently Asked Questions About New Jersey § 2a:50-43
What does New Jersey Statutes § 2a:50-43 cover?
Section 2a:50-43 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 § 2a:50-43?
A common citation format is "New Jersey Statutes § 2a:50-43" (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 § 2a:50-43 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.