New Jersey § 2A:55-3 Real sum due considered as the debt;  judgment for penalty; discharge

New Jersey Statutes

§ 2A:55-3 — Real sum due considered as the debt; judgment for penalty; discharge

New Jersey § 2A:55-3

Title 2AADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

This text of New Jersey § 2A:55-3 (Real sum due considered as the debt; judgment for penalty; discharge) 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:55-3 (2026).

Text

When an action is brought or a claim is made in an action on a bond, note or other contract containing a penalty to secure the payment of money only, the true sum due and not the penalty, shall be deemed to be the debt due. In all such actions or claims wherein the plaintiff or claimant shall succeed, judgment shall be entered only for such amount as the case may require, with interest until paid. L.1951 (1st SS), c.344.

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When an action is brought or a claim is made in an action on a bond, note or other contract containing a penalty to secure the payment of money only, the true sum due and not the penalty, shall be deemed to be the debt due. In all such actions or claims wherein the plaintiff or claimant shall succeed, judgment shall be entered only for such amount as the case may require, with interest until paid. L.1951 (1st SS), c.344.