New Jersey § 46:10B-11 Points;  liability for receiving

New Jersey Statutes

§ 46:10B-11 — Points; liability for receiving

New Jersey § 46:10B-11

Title 46PROPERTY

This text of New Jersey § 46:10B-11 (Points; liability for receiving) 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. § 46:10B-11 (2026).

Text

Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly receive points as defined herein shall be liable to the mortgagor for the return of the points and all interest paid on the mortgage loan plus a penalty of $1,000.00 and costs to be recovered by the mortgagor in a civil action instituted within 6 years from the date of payment of the points. L.1968, c. 54, s. 11, eff. June 6, 1968.

Free access — add to your briefcase to read the full text and ask questions with AI

Any holder of a mortgage loan or agent acting on behalf of the holder of a mortgage loan who shall knowingly receive points as defined herein shall be liable to the mortgagor for the return of the points and all interest paid on the mortgage loan plus a penalty of $1,000.00 and costs to be recovered by the mortgagor in a civil action instituted within 6 years from the date of payment of the points. L.1968, c. 54, s. 11, eff. June 6, 1968.