New Jersey § 2A:50-56a Creditor, foreclosure proceeding, agent, responsible, property, vacant, abandoned, immunity, liability.

New Jersey Statutes

§ 2A:50-56a — Creditor, foreclosure proceeding, agent, responsible, property, vacant, abandoned, immunity, liability.

New Jersey § 2A:50-56a

Title 2AADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

This text of New Jersey § 2A:50-56a (Creditor, foreclosure proceeding, agent, responsible, property, vacant, abandoned, immunity, liability.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 2A:50-56a (2026).

Text

3.

a.In situations in which a creditor has instituted a foreclosure proceeding pursuant to the "Fair Foreclosure Act," P.L.1995, c.244 (C.2A:50-53 et seq.) and a creditor employs an agent to be responsible for the care, maintenance, security, and upkeep of the property if it becomes vacant and abandoned, the creditor and agent who peacefully enter the property and exercise reasonable care in doing so, shall be immune from liability, before and after the bid, for any damage to the property or any person entering the property.

b.Persons bidding on the property shall not enter the property prior to the time of sale of the property to the successful bidder. L.2023, c.255, s.3.

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3. a. In situations in which a creditor has instituted a foreclosure proceeding pursuant to the "Fair Foreclosure Act," P.L.1995, c.244 (C.2A:50-53 et seq.) and a creditor employs an agent to be responsible for the care, maintenance, security, and upkeep of the property if it becomes vacant and abandoned, the creditor and agent who peacefully enter the property and exercise reasonable care in doing so, shall be immune from liability, before and after the bid, for any damage to the property or any person entering the property. b. Persons bidding on the property shall not enter the property prior to the time of sale of the property to the successful bidder. L.2023, c.255, s.3.