§ 231-37. Registration of foreclosing properties; designation of responsible individual.

A. 

A creditor serving a summons and complaint in an action to foreclose on a mortgage or other lien against any property in this Borough, including but not limited to residential property, shall, within 10 days of serving the summons and complaint, file a registration with the Borough of Wharton Housing and Zoning Officer. The registration must be renewed as set forth below until title to the property has been transferred to a new owner or the foreclosure action is dismissed. A creditor who takes title to a vacant property shall then be required to register as an owner of such vacant property, and to renew such registration for as long as the property remains vacant.

B. 

If the property is vacant or the creditor is located outside the State of New Jersey, the creditor must designate an individual or property management company responsible for the security and maintenance of the property. The individual or property management company responsible for the security and maintenance of the property shall have an office in New Jersey located within twenty-five miles of the property.

C. 

The registration shall contain the following information:

(1) 

The creditor's name, telephone number, e-mail address and mailing address. The mailing address may not be a post office box.

(2) 

The street address and tax map designation (lot and block) of the property for which foreclosure has been sought.

(3) 

Whether the property is residential, nonresidential, commercial or mixed-use.

(4) 

The name, telephone number, e-mail address and mailing address of a designated representative of the creditor who is located in the State of New Jersey and is responsible for receiving complaints of property maintenance and code violations for that property. The mailing address may not be a post office box.

(5) 

If the property is vacant, the name, telephone number, and mailing address of an individual or property management company located in the State of New Jersey which is responsible for the care, maintenance, security and upkeep of the property. The mailing address may not be a post office box.

(6) 

If the property is vacant, a statement from the creditor certifying that the property was inspected as required by this chapter.

(7) 

If the property is vacant, proof of utility (gas, electric, water) connections or disconnections.

D. 

The creditor shall have a continuing duty to notify the Borough of any changes to the information contained in the registration between registration cycles.

E. 

The Borough of Wharton Housing and Zoning Officer may promulgate forms on which the information in the registration must be provided.

F. 

Pursuant to N.J.S.A. 40:48-2.12s.c.(1), an out-of-state creditor's failure to appoint an in-state representative or agent for residential properties is subject to fines set forth in Section 10b of this Ordinance.

Editor's Note: So in original.

G. 

Once the foreclosure action has terminated, either through dismissal or transfer of title, the creditor must provide proof of such termination, sale, transfer or occupancy to the enforcement authority within 30 days of sale, exchange or transfer.