Any creditor filing a summons and complaint in an action to foreclose
on a residential or commercial property shall notify and register
the property with the vacant property registration program. [See N.J.S.A.
40:48-2.12s3b(1).]
The notification/registration shall include: 1) the date of the summons
and complaint; 2) the court where the action is filed; 3) docket number;
4) whether the property is vacant and/or abandoned; 5) name, address,
and telephone of authorized representative to receive service. [See
N.J.S.A. 40:48-2.12s3b(2).]
Any creditor filing a summons and complaint in an action to foreclose
on a vacant or abandoned residential or commercial property shall
be responsible for the care, maintenance, security, and upkeep of
the exterior of the subject property, and if located out-of-state
shall be responsible for appointing an in-state representative or
agent to act for the foreclosing creditor. [See N.J.S.A. 40:48-2.12s3b(4-8).]
The public officer or designate is authorized to issue notice to
the creditor filing the summons and complaint in an action to foreclose
that the creditor has violated the article for failing to provide
for the care, maintenance, security, and upkeep of the exterior of
the property. Such notice shall require the person or entity to correct
the violation within 30 days of receipt of the notice, or within 10
days of receipt of the notice if the violation presents an imminent
threat to public health and safety. [See N.J.S.A. 40:48-2.12s3c.]
An additional annual registration fee of $2,000 shall accompany the registration if the property is vacant or abandoned or becomes vacant or abandoned at any time thereafter while the property is in foreclosure. All such annual fees and the due dates thereof shall be identified in the ordinance adopted pursuant to Subsection A of this section. [See N.J.S.A. 40:48-2.12s3e.]
Any out-of-state creditor failing to appoint an in-state representative
or agent found to be in violation by a court of competent jurisdiction
shall be subject to a fine of $2,500 for each day of the violation.
[See N.J.S.A. 40:48-2.12s3g(1).]
Any in-state creditor failing to appoint an in-state representative
or agent found to be in violation by a court of competent jurisdiction
shall be subject to fine of $1,500 for each day of the violation.
Any fines imposed pursuant to this subsection shall commence 31 days
following receipt of the notice violation, except if the violation
presents an imminent risk to public health and safety, in which case
any fines shall commence 11 days following receipt of the notice.
[See N.J.S.A. 40:48-2.12s3g(2).]