New Jersey § 2a:50-56
Full text of New Jersey New Jersey Statutes § 2a:50-56, with citation guidance and answers to common questions.
§ 2a:50-56.
a. If a plaintiff's action to foreclose a residential mortgage has been dismissed
without prejudice pursuant to R.4:64-8 of the Rules Governing the Courts of New Jersey
of the State of New Jersey, reinstatement of the plaintiff's action may be permitted
only on motion for good cause shown. Reinstatements shall be limited to three for any action, except that a reinstatement
which is granted following a dismissal without prejudice that resulted from the plaintiff's
compliance with federal law or regulation shall not count toward the limit established
by this subsection. The fee for a plaintiff to reinstate a residential mortgage foreclosure action shall
be twice the amount set for filing a foreclosure complaint. The plaintiff shall not charge or otherwise pass a reinstatement fee onto the debtor
or any other person. b. The amounts paid by plaintiffs for reinstating a mortgage pursuant to subsection
a. of this section, that are over and above the amounts set for filing a foreclosure
complaint, shall be aggregated and divided equally on an annual basis, with one-half
dedicated to the New Jersey Housing and Mortgage Finance Agency for the purposes of
funding the counseling component provided by the agency for the New Jersey Judiciary's
Foreclosure Mediation Program, and one-half dedicated to the Administrative Office
of the Courts for the general operations provided by the office for the New Jersey
Judiciary's Foreclosure Mediation Program.
Frequently Asked Questions About New Jersey § 2a:50-56
What does New Jersey Statutes § 2a:50-56 cover?
Section 2a:50-56 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:50-56?
A common citation format is "New Jersey Statutes § 2a:50-56" (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:50-56 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.