New Jersey § 52:27d-378
Full text of New Jersey New Jersey Statutes § 52:27d-378, with citation guidance and answers to common questions.
§ 52:27d-378.
In the event of any default in connection with the terms and provisions of any contract
to which the corporation and a residential borrower are party, the corporation shall
not take any steps it may otherwise be entitled to take, until it has first notified
the residential borrower and provided a reasonable opportunity, in light of the nature
of the default and the available means to correct it to cure the same; but in any
case shall allow not less than 30 days for that purpose. After this time, the corporation may institute any action or proceeding against
any residential borrower who is in default on a housing rehabilitation loan in any
court of competent jurisdiction.
Frequently Asked Questions About New Jersey § 52:27d-378
What does New Jersey Statutes § 52:27d-378 cover?
Section 52:27d-378 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 § 52:27d-378?
A common citation format is "New Jersey Statutes § 52:27d-378" (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 § 52:27d-378 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.