Document Updates: Fixed Rate Note New Jersey Second (Cx1063) and New Jersey HELOC Agreement (Cx21652)
According to NJ Stat. Ann. §17:11C-78(a) a second mortgage loan shall “be in the form of a promissory note for a closed-end loan, and in the form of a loan agreement for an open-end loan, and shall be identifiable by the use of the words “SECONDARY MORTGAGE LOAN” printed prominently,…