N.J. Stat. § 2A:42-124
Current through L. 2024, c. 62.
Notwithstanding any provision to the contrary pursuant to P.L. 2003, c. 295(C.2A:42-114 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. 295(C.2A:42-114 et al.), if it finds that the owner of the building 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. § 2A:42-124