In the event a default occurs on any loan secured, in whole or in part, by a pinelands development credit guarantee and the lender has assigned the security interest in the pinelands development credit to the board, the board shall authorize payment to the lender up to the limits of the pinelands development credit guarantee, and shall notify the defaulting party. The board shall, in these cases, take all appropriate action to secure its interest in the pinelands development credit.
N.J. Stat. Ann. § 13:18A-41
Payment of guaranteed amount
Known as the Comprehensive Regulated Medical Waste Management Act
The act spans §§ 13:10-1 to 13:9C-4 (1,616 sections).
L. 1985, c. 310, s. 12, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.