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NJ A3458

Bill

Status

Introduced

2/5/2024

Primary Sponsor

Carol Murphy

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Expands creditor responsibility for vacant and abandoned residential properties under foreclosure to include interior maintenance, not just exterior maintenance as currently required

  • Requires creditors to address interior hazards such as mold, vermin, and fire risks that can affect neighboring properties, particularly in attached housing

  • Authorizes municipalities to impose fines of $1,500 per day for uncorrected interior maintenance violations after a 30-day correction window (or 10 days for imminent public health/safety threats)

  • Allows deadline extensions for correcting interior violations when a court order is required to enter the property

  • Applies the same registration, notification, and enforcement requirements currently used for exterior maintenance to interior maintenance of foreclosed vacant properties

Legislative Description

Requires creditors to maintain interior of vacant and abandoned residential property under foreclosure.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

2/5/2024

Committee Referrals

Housing2/5/2024

Full Bill Text

No bill text available