14 §6110. Tender to guardian of mortgagee; discharge
§6110. Tender to guardian of mortgagee; discharge When the mortgagee or person holding under him is under guardianship, a tender may be made to the guardian and he shall receive the sum due on the mortgage; and upon receiving it, or on performance of such other condition as the case requires, he shall execute a […]
14 §6111. Notice of mortgagor’s right to cure
§6111. Notice of mortgagor’s right to cure 1. Notice; payment. With respect to mortgages upon residential property located in this State when the mortgagor is occupying all or a portion of the property as the mortgagor’s primary residence and the mortgage secures a loan for personal, family or household use, the mortgagee may not accelerate […]
14 §6112. Statewide outreach
§6112. Statewide outreach To the extent resources are available pursuant to subsection 4, the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection shall engage in the following activities. [PL 2009, c. 402, §15 (NEW).] 1. Hotline. The Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection shall establish a […]
14 §6113. Mortgage servicer duty of good faith
§6113. Mortgage servicer duty of good faith 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Good faith” means honesty in fact and the observance of reasonable commercial standards of fair dealing. [PL 2019, c. 363, §1 (NEW).] B. [PL 2021, c. […]
14 §6101. Attorney’s fees
§6101. Attorney’s fees For the foreclosure of a mortgage by any method authorized by this chapter, if the mortgagee prevails, the mortgagee or the person claiming under the mortgagee may charge a reasonable attorney’s fee which is a lien on the mortgaged estate, and must be included with the expense of publication, service and recording […]
14 §6102. Mortgage as asset of decedent’s estate
§6102. Mortgage as asset of decedent’s estate Lands mortgaged to secure the payment of debts or the performance of any collateral engagement, and the debts so secured are, on the death of the mortgagee or person claiming under him, assets in the hands of his executors or administrators. They shall have the control of them […]
14 §6103. Judicial determination of breach of condition
§6103. Judicial determination of breach of condition In all cases where a debtor has mortgaged real and personal estate to secure the performance of a collateral agreement or undertaking, other than the payment of money, and proceedings have been commenced to foreclose said mortgage for alleged breach of the conditions thereof, but the time of […]
14 §6104. Limitation of action on undischarged mortgage
§6104. Limitation of action on undischarged mortgage When the record title of real estate is encumbered by an undischarged mortgage, and the mortgagor and those having his estate in the premises have been in uninterrupted possession of such real estate for 20 years after the expiration of the time limited in the mortgage for the […]
14 §6105. Owners in severalty may join in complaint
§6105. Owners in severalty may join in complaint Any 2 or more persons owning in severalty different portions or different interests of the character above described, in the whole or in different portions thereof, may join in one complaint. Two or more defects arising under different mortgages affecting one parcel of land may be set […]
14 §6106. Limitation on undischarged mortgage to secure contingent liability
§6106. Limitation on undischarged mortgage to secure contingent liability When the mortgagor of such an undischarged mortgage and those having his estate in the premises have been in uninterrupted possession of such real estate for 20 years from the date thereof, and it shall appear that such mortgage was not given to secure the payment […]