New Jersey § 40:37A-117 Judgment against qualified housing sponsor not pertaining to foreclosure;  written notice to authority

New Jersey Statutes

§ 40:37A-117 — Judgment against qualified housing sponsor not pertaining to foreclosure; written notice to authority

New Jersey § 40:37A-117

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:37A-117 (Judgment against qualified housing sponsor not pertaining to foreclosure; written notice to authority) 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. § 40:37A-117 (2026).

Text

In the event of a judgment against any qualified housing sponsor in any action not pertaining to the foreclosure of a mortgage, there shall be no sale of any of the real property included in any housing project of such qualified housing sponsor except upon 60 days' written notice to the authority. Upon receipt of such notice the authority shall take such steps as in its judgment may be necessary to protect the rights of all parties. L.1979, c. 275, s. 12, eff. Jan. 3, 1980.

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In the event of a judgment against any qualified housing sponsor in any action not pertaining to the foreclosure of a mortgage, there shall be no sale of any of the real property included in any housing project of such qualified housing sponsor except upon 60 days' written notice to the authority. Upon receipt of such notice the authority shall take such steps as in its judgment may be necessary to protect the rights of all parties. L.1979, c. 275, s. 12, eff. Jan. 3, 1980.