New Jersey § 55:17-6 Modifying or supplementing mortgage loan;  written consent of holder

New Jersey Statutes

§ 55:17-6 — Modifying or supplementing mortgage loan; written consent of holder

New Jersey § 55:17-6

Title 55TENEMENT HOUSES AND PUBLIC HOUSING

This text of New Jersey § 55:17-6 (Modifying or supplementing mortgage loan; written consent of holder) 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. § 55:17-6 (2026).

Text

So long as any mortgage loan remains unsatisfied in respect to any project, no agreement shall be made between the governmental body or agency on any lease or financial agreement and the other party thereto, either to modify or supplement any provision thereof, or to exercise any option or right thereunder, including any option to surrender a tax arrangement, without the prior written consent of the holder of the mortgage loan. L.1967, c. 304, s. 6, eff. Feb. 15, 1968.

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So long as any mortgage loan remains unsatisfied in respect to any project, no agreement shall be made between the governmental body or agency on any lease or financial agreement and the other party thereto, either to modify or supplement any provision thereof, or to exercise any option or right thereunder, including any option to surrender a tax arrangement, without the prior written consent of the holder of the mortgage loan. L.1967, c. 304, s. 6, eff. Feb. 15, 1968.