N.J. Stat. § 2A:50-21

Current through L. 2024, c. 62.

Section 2A:50-21 - Bar of equity of redemption

If a mortgagee or those holding under him shall be in possession of the real estate specified in the mortgage, or any part thereof, for 20 years after a default of payment by the mortgagor, the right or equity of redemption in the mortgage shall be forever barred.

N.J.S. § 2A:50-21