State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-5 > 54-5-114-6

54:5-114.6.  Failure to foreclose equity and record judgment
    In all cases where the purchaser shall fail to foreclose the equity of redemption and record the final judgment within the time specified hereinabove,  the moneys paid by the said purchaser to the municipality shall not be  refundable to the purchaser nor shall the said moneys be credited by the tax  collector to the credit of the owner of the land.

     L.1943, c. 149, p. 428, s. 5.  Amended by L.1953, c. 51, p. 910, s. 99.