N.J. Stat. § 54:5-114.6: Failure to foreclose equity and record judgment

In all cases where the purchaser shall fail to foreclose the equity of redemption and record the final judgment within the time specified hereinabove, the moneys paid by the said purchaser to the municipality shall not be refundable to the purchaser nor shall the said moneys be credited by the tax collector to the credit of the owner of the land.

L.1943, c. 149, p. 428, s. 5. Amended by L.1953, c. 51, p. 910, s. 99.