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NJ A3423
Bill
Status
2/1/2024
Primary Sponsor
Verlina Reynolds-Jackson
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AI Summary
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Courts must stay proceedings to recover possession or quiet title to residential property when a government entity is conducting a good faith investigation into deed theft or fraud, with status conferences required every six months to review the stay
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Mandatory stays are required when criminal complaints are filed alleging deed theft, larceny, or fraud related to property title, with the stay lasting until the criminal case is resolved
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A criminal conviction for deed theft or fraudulent real property transactions creates a rebuttable presumption that the deed transfer was fraudulent, applicable even when the grantee is an entity beneficially owned by the convicted person
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The Attorney General or law enforcement may file a motion to void instruments related to property crimes after a conviction, with courts required to hold hearings and, if appropriate, declare fraudulent instruments void
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A rebuttable presumption of fraud notice exists for transfers of mortgaged property between unassociated parties when no recorded statement from the mortgagee confirms assumption of debt or satisfaction of the mortgage
Legislative Description
Establishes certain protections against deed theft.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
2/1/2024