New Jersey § 46:18-11
Full text of New Jersey New Jersey Statutes § 46:18-11, with citation guidance and answers to common questions.
§ 46:18-11.
As used in this act: “ Mortgage ” means a residential mortgage, security interest or the like, in which the security
is a residential property such as a house, real property or condominium, which is
occupied, or is to be occupied, by the debtor, who is a natural person, or a member
of the debtor's immediate family, as that person's residence. The provisions of sections 2 and 3 of P.L.1999, c. 40 ( C.46:18-11.6 and C.46:18-11.7 ) shall apply to all residential mortgages wherever made, which have as their security
a residence in the State of New Jersey, provided that the real property which is the
subject of the mortgage shall not have more than four dwelling units, one of which
shall be, or is planned to be, occupied by the debtor or a member of the debtor's
immediate family as the debtor's or family member's residence at the time the loan
is originated. “ Pay-off letter ” means a written document prepared by the holder or servicer of the mortgage being
paid, which is dated not more than 60 days prior to the date the mortgage is paid,
and which contains a statement of all the sums due to satisfy the mortgage debt, including,
but not limited to, interest accrued to the date the statement is prepared and a means
of calculating per diem interest accruing thereafter. “ Mortgagee ” means the holder of the mortgage reflected in the latest record filed with the county
recording office. If the entity that is recorded as the holder of the mortgage is no longer in existence,
“ mortgagee ” shall mean the entity that was authorized to receive the latest payment on the mortgage.
Frequently Asked Questions About New Jersey § 46:18-11
What does New Jersey Statutes § 46:18-11 cover?
Section 46:18-11 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 § 46:18-11?
A common citation format is "New Jersey Statutes § 46:18-11" (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 § 46:18-11 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.