NJ A2554

Expands the definition of "person" under the Planned Real Estate Development Full Disclosure Act to explicitly include builders, defined as any individual, corporation, partnership, or other business organization engaged in constructing planned real estate developments

Clarifies that builders are subject to penalties for violating the act's disclosure requirements, with fines ranging from $250 to $50,000 per violation

Implements a recommendation from the State Commission of Investigation's March 2005 report titled "The Good, the Bad and the Ugly: New-Home Construction in New Jersey"

Authorizes the Commissioner of Community Affairs to enforce the act's provisions against builders and levy penalties after providing an opportunity for a hearing