NJ A1867

Lowers the ownership interest disclosure threshold from 10% to 5% for reporting beneficial ownership in mortgages, notes, deeds of trust, or other obligations related to nursing home properties

Requires nursing homes to disclose names and addresses of owners/operators of sister companies, holding companies, or parent companies, as well as primary owners and board members

Mandates disclosure of any person with ownership interest in a private equity pool connected to the long-term care facility

Adds requirement for nursing homes to submit consolidated financial statements covering all transactions within and outside the entire corporate organization, including vendor relationships

Authorizes the Department of Health to curtail new resident admissions for nursing homes that fail to file required statements or willfully file false statements, in addition to existing penalties of $10-$100 per day