SECTION 330:25-3-6. Repurchase or acceleration

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If any document or documents constituting a part of a mortgage file are defective or incomplete in any material respect, the affected participant shall cure the defect within a period to be specified in the applicable agreements or may be required to repurchase mortgage loans closed under defective or incomplete documents. Payment of mortgage loans which are closed as a result of misrepresentations by borrowers may be accelerated.

                    
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