7. If a debtor is successful in curing the default under a repayment plan approved by the United States Bankruptcy Court, the residential mortgage relationship between the parties is reinstated, and the debtor is restored to the same position held before the default or acceleration.
N.J. Stat. Ann. § 2A:50-59
Reinstatement of mortgage relationship
Applied in 1 court decision — leading case In Re Hatala (2003)
Most recently applied in In Re Hatala (July 2003)
L.1995,c.244,s.7.
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.