N.J. Stat. § 55:19-99
Current through L. 2024, c. 80.
Notwithstanding any provision to the contrary in P.L. 2003, c. 210(C.55:19-78 et al.), a court may in its discretion deny a lienholder or mortgage holder of any or all rights or remedies afforded lienholders and mortgage holders under P.L. 2003, c. 210(C.55:19-78 et al.), if the court finds that the owner of a property subject to any of the provisions of P.L. 2003, c. 210(C.55:19-78 et al.) owns or controls more than a 50% interest in, or effective control of, the lienholder or mortgage holder or that the familial or business relationship between the lienholder or mortgage holder and the owner precludes a separate interest on the part of the lienholder or mortgage holder.
N.J.S. § 55:19-99