New Jersey Statutes

§ 46:3B-14 — Moneys and claims for advance funding for remediation of structural damages

New Jersey § 46:3B-14
JurisdictionNew Jersey
Title 46PROPERTY

This text of New Jersey § 46:3B-14 (Moneys and claims for advance funding for remediation of structural damages) 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. § 46:3B-14 (2026).

Text

2.
a.The commissioner is hereby authorized to advance moneys out of the fund for the remediation of structural damages due to defective FRT plywood occurring in structures covered by an approved warranty program, subject to the provisions and requirements of this act.
b.A claim for such advance funding may be made by any owner of the affected structure, jointly by any owner and builder of the affected structures, any builder who undertakes to remediate the cited damages, or any warranty guarantor who undertakes to reimburse the owner or builder for the costs of such remediation. Approval and payment of such claim shall be conditioned upon the claimant's assigning to the State of New Jersey, for the use of the fund, the claimant's rights in any claim upon any responsible party, or in any

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Bluebook (online)
New Jersey § 46:3B-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/46/46%3A3B-14.