The purpose of this article is to adopt the provisions of P.L.
2014, c. 35 and P.L. 2021, c. 444.
[Added 12-22-2022 by Ord. No. 2022-46]
As used in this article, the following terms shall have the
meanings indicated:
CREDITOR
A mortgagee or an agent or assignee of a mortgagee, such
as the servicer, who has filed a complaint in the Superior Court seeking
to foreclose upon a residential or commercial mortgage. If the entity
seeking to foreclose upon the residential or commercial mortgagee
changes as a result of an assignment, transfer, or otherwise after
the filing of the foreclosure complaint in the Superior Court, the
new entity shall be deemed the creditor for purposes of this article.
[Amended 12-22-2022 by Ord. No. 2022-46]
A creditor serving a summons and complaint in an action to foreclose on a mortgage or residential property in this state shall, within 10 days of serving the summons and complaint, notify the Township Clerk that a summons and complaint in an action to foreclose on a mortgage has been filed against the subject property pursuant to N.J.S.A. 46:10B-51. In the event the creditor that has served a summons and complaint in an action to foreclose on a residential property is located out of state, the notice shall also contain the full name and contact information of an in-state representative or agent who shall be responsible for the care, maintenance, security, and upkeep of the exterior of the property if it becomes vacant and abandoned. If there is any change in the name, address, or telephone number for a representative, agent, or individual authorized to accept service on behalf of a creditor required to be provided in a notice pursuant to this section following the filing of the summons and complaint, the creditor shall provide a notice to the applicable Township Clerk containing the updated name, address, or telephone number within 10 days of the change in that information. In addition to the notice provided to the Township pursuant to this section, the creditor filing a summons and complaint in an action to foreclose shall identify the date the summons and complaint in an action to foreclose on a mortgage was filed against the subject property, the court in which it was filed, and the docket number of the filing; and identify whether the property is vacant and abandoned in accordance with the definition contained in §
273-8 of Article
III of this chapter.