New Jersey § 46:10B-6 Failure to deliver cancellation or discharge;  forfeiture of fee

New Jersey Statutes

§ 46:10B-6 — Failure to deliver cancellation or discharge; forfeiture of fee

New Jersey § 46:10B-6

Title 46PROPERTY

This text of New Jersey § 46:10B-6 (Failure to deliver cancellation or discharge; forfeiture of fee) 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-6 (2026).

Text

Any holder of a mortgage loan or agent acting on behalf of such holder who shall willfully fail or refuse to deliver a cancellation or discharge of a mortgage loan within a reasonable time after tender to him of the amount owing thereon together with the prepayment fee, if any, as provided in this act, shall forfeit his right to receive any prepayment fee, and the Superior Court shall have jurisdiction, in a summary action or otherwise, to order such cancellation or discharge upon payment into court of the amount owing thereon. L.1968, c. 54, s. 6, eff. June 6, 1968.

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Any holder of a mortgage loan or agent acting on behalf of such holder who shall willfully fail or refuse to deliver a cancellation or discharge of a mortgage loan within a reasonable time after tender to him of the amount owing thereon together with the prepayment fee, if any, as provided in this act, shall forfeit his right to receive any prepayment fee, and the Superior Court shall have jurisdiction, in a summary action or otherwise, to order such cancellation or discharge upon payment into court of the amount owing thereon. L.1968, c. 54, s. 6, eff. June 6, 1968.