§ 174-9. Responsibility of foreclosing creditor.  


Latest version.
  • Pursuant to the provisions of N.J.S.A. 40:48-2.12s, the creditor filing the summons and complaint in an action to foreclose a lien on residential property that is vacant and abandoned, without regard to whether the filing of the summons and complaint is made before or after the determination that the property is vacant and abandoned, shall be responsible for the care, maintenance, security, and upkeep of the exterior of the vacant and abandoned residential property. This obligation applies without regard to whether the determination that the property is vacant and abandoned is made by a public officer, as defined herein, pursuant to the provisions of N.J.S.A. 2A:50-73 or otherwise. If the creditor is located out-of-state, the creditor shall be responsible for appointing an in-state representative or agent to act for the foreclosing creditor.