New Jersey § 46:10b-19
Full text of New Jersey New Jersey Statutes § 46:10b-19, with citation guidance and answers to common questions.
§ 46:10b-19.
With respect to a reverse annuity mortgage or a reverse direct payment mortgage, at
the termination of the mortgage the mortgagor shall have the option to enter into
a subsequent reverse annuity mortgage or a reverse direct payment mortgage with the
same mortgagee, provided the mortgagee consents to the subsequent reverse annuity
mortgage or the reverse direct payment mortgage and provided the mortgaged property
has not depreciated significantly during the term of the initial mortgage and the
subsequent mortgage does not exceed 90% of the value of the unencumbered portion of
the mortgaged property, or such amount as is established by the commissioner by regulation.
Frequently Asked Questions About New Jersey § 46:10b-19
What does New Jersey Statutes § 46:10b-19 cover?
Section 46:10b-19 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 § 46:10b-19?
A common citation format is "New Jersey Statutes § 46:10b-19" (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 § 46:10b-19 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.