# N.J. Stat. § 2A:50-2.1: Time for bringing action on note for deficiency

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.1

## Section

- **Citation:** N.J. Stat. § 2A:50-2.1
- **Heading:** Time for bringing action on note for deficiency
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 2A / Chapter 50 / Section 50-2.1

## Text

In the case of a mortgage given to secure a debt evidenced by a note, where foreclosure proceedings are instituted within the time prescribed by the Statute of Limitations, action on the note for any deficiency may be commenced within the 3-month period provided by N.J.S. 2A:50-2, regardless of whether said action would otherwise be barred for lapse of time. L.1979, c. 286, s. 11.

## Nearby sections

- [N.J. Stat. § 2A:50-1 No personal deficiency judgment in foreclosure actions or execution thereon for balance due](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-1.md)
- [N.J. Stat. § 2A:50-2 Order of proceedings; foreclosure; action on bond; limitations; parties](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.md)
- [N.J. Stat. § 2A:50-2.1 Time for bringing action on note for deficiency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.1.md)
- [N.J. Stat. § 2A:50-2.2 Agreement to waive rights; invalidity](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.2.md)
- [N.J. Stat. § 2A:50-2.3 Application of act](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.3.md)
- [N.J. Stat. § 2A:50-2.4 Severability](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.4.md)
- [N.J. Stat. § 2A:50-3 Answer disputing amount of deficiency; determination of amount](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-3.md)
- [N.J. Stat. § 2A:50-4 Judgment in action on bond as opening foreclosure and sale; right of redemption; time for bringing action to redeem](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-4.md)
- [N.J. Stat. § 2A:50-5 Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-5.md)
- [N.J. Stat. § 2A:50-6 Bonds; notice of proposed judgment by confession or action on](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-6.md)
- [N.J. Stat. § 2A:50-7 Record of notice of proposed judgment by confession or action on bond; fees](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-7.md)
- [N.J. Stat. § 2A:50-8 Action on bond where lien or mortgage has been extinguished by foreclosure of prior mortgage](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-8.md)
- [N.J. Stat. § 2A:50-9 Judgment on bond not to open foreclosure and sale; right of redemption](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-9.md)
- [N.J. Stat. § 2A:50-10 Record of notice](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.1. Check the current official text before relying on it. Not legal advice.