§ 161.02 DESIGNATED REPRESENTATIVE OF OUT-OF-STATE CREDITOR; VIOLATION.
   An out-of-state creditor shall include the full name and contact information of the in-state representative or agent in the notice required to be provided to the Municipal Clerk pursuant to paragraph one of N.J.S.A. 46:10B-51. An out-of-state creditor found by a court of competent jurisdiction to have violated this provision shall be subject to a fine of $2,500 for each day of the violation commencing on the day after the ten day period set forth in paragraph one of N.J.S.A. 46:10B-51 with respect to notifying the Municipal Clerk that an action to foreclose on the property as been filed.
(Ord. 254-14, passed 10-14-14)