Greenspoon Marder Financial Services Updates – State of New Jersey

On March 27, 2020, the Chief Justice of the Supreme Court of New Jersey signed an updated Omnibus Order.

The court reviewed its interim measures and determined the effective periods must be extended based on current restrictions on movement and activity recommended by the NJ DOH and DCD as well as provisions of Executive Order 107 (March 21, 2020).

Highlights of the Order:

• The Office of Foreclosure will not review or recommend motions or judgments received on or after March 2, 2020 pending further Court Order.
• In the computation of time periods under the Rules of Court and under any Statute of Limitations for matters in all courts, for purposes of filing deadlines, the additional period from March 28, 2020 through April 26, 2020 shall be deemed the same as a legal holiday, thus extending the tolling established by the March 17th Order.
• Rules 4:24-1(a), 4:24-1(c), 4:46-1 and 4:36-3 are relaxed and supplemented to permit the extension of discovery deadlines through April 26, 2020.
• Time periods for dismissals of civil cases for lack of prosecution will be tolled for the period from March 16 through April 26, 2020.
  • Automated lack of prosecution dismissal processes for Law Division – Civil Part, Foreclosure and Chancery matters will be suspended through April 26, 2020.
• To the extent practicable, all court matters including hearings, conferences and arguments will be conducted by video or phone conferencing.
• The provisions of Rule 1:32-2A (c) and all other Court Rules requiring original signatures on filings are relaxed and supplemented so as to permit electronic signatures to be used in all filing processes temporarily authorized to be used during the COVID-19 crisis.

Please reach out to our office for any loan level inquires or questions surrounding this Order.

As always, our Management Team is available 24/7 for our clients – we do not foresee any disruption of email communication, however, please see below phone contacts as needed: