Mortgage Legislation - New Jersey

Latest Action: 01/08/2008 - Introduced, Referred to Assembly Housing and Local Government Committee

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Limits rent increases in certain low income rental projects financed by the New Jersey Housing and Mortgage Finance Agency.

Latest Action: 01/08/2008 - Introduced, Referred to Assembly Housing and Local Government Committee

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Establishes low interest mortgage program in HMFA for volunteer fire and rescue squad members.

Latest Action: 09/22/2008 - Withdrawn from Consideration

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Requires licensing of mortgage originators; revises "New Jersey Licensed Lenders Act."

Latest Action: 01/08/2008 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee

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The "Teaser Rate Protection Act"; prohibits certain residential mortgage lending practices.

Latest Action: 01/28/2008 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee

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Requires creditor to provide certain disclosures to borrower prior to residential mortgage loan closing.

Latest Action: 09/22/2008 - Withdrawn from Consideration

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Provides statute of limitations for residential mortgage foreclosures.

Latest Action: 02/26/2008 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee

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Provides procedure to cancel mortgage of record by affidavit under certain conditions.

Latest Action: 10/27/2008 - Received in the Senate, Referred to Senate Commerce Committee

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Requires creditor to provide mortgage payoff balance to borrower within five business days after request.

Latest Action: 02/28/2008 - Introduced, Referred to Assembly Housing and Local Government Committee

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The "New Jersey Senior Citizen Taxpayer Reverse Mortgage Program."

Latest Action: 10/27/2008 - Assembly Floor Amendment Passed (Holzapfel)

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Provides uniform procedure for sheriffs to provide certain surplus notices in mortgage foreclosure actions.

Latest Action: 12/08/2008 - Introduced in the Senate, Referred to Senate Commerce Committee

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Requires licensure as insurance producer to sell certain funeral insurance policies; prohibits financing of certain preneed funeral arrangements with reverse mortgage.

Latest Action: 12/08/2008 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee

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Requires licensure as insurance producer to sell certain funeral insurance policies; prohibits financing of certain preneed funeral arrangements with reverse mortgage.

Latest Action: 12/15/2008 - Substituted by S1599 (SCS/1R)

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"Mortgage Stabilization and Relief Act;" creates Mortgage Stabilization Program and Housing Assistance and Recovery Program; imposes additional requirements on lender foreclosing mortgage; appropriates $40 million from "Long Term Obligation and Capital Expenditure Fund."

Latest Action: 10/06/2008 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee

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Provides statute of limitations for residential mortgage foreclosures.

Latest Action: 10/06/2008 - Introduced, Referred to Assembly Housing and Local Government Committee

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Requires NJ Housing and Mortgage Finance Agency to create program to assist municipalities in purchasing foreclosed properties for affordable housing use.

Latest Action: 10/06/2008 - Introduced in the Senate, Referred to Senate Commerce Committee

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Allows persons affected by certain plant closings, transfers and mass layoffs to receive one year suspension of payment of interest on mortgage loan.

Latest Action: 10/06/2008 - Reported out of Assembly Committee, 2nd Reading

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Allows municipalities to require mortgage lenders to maintain vacant residential properties during foreclosure.

Latest Action: 03/17/2008 - Introduced in the Senate, Referred to Senate Commerce Committee

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Memorializes Congress to apply consumer protections against predatory mortgage lending to federally chartered financial institutions.

Latest Action: 06/09/2008 - Introduced in the Senate, Referred to Senate Commerce Committee

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Allows persons affected by certain plant closings, transfers and mass layoffs to receive temporary suspension of payment of interest on mortgage loan.

Latest Action: 05/22/2008 - Introduced in the Senate, Referred to Senate Law and Public Safety and Veterans' Affairs Committee

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Allows certain National Guard and United States Reserve members on federal active duty to receive temporary suspension of payment of interest on mortgage loan.