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NJ A4133
Bill
Status
Introduced
4/4/2024
Primary Sponsor
Tennille McCoy
Click for details
AI Summary
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Sellers of residential real estate are prohibited from requiring potential buyers to disclose their down payment amount when submitting a purchase offer
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Residential real estate is defined as property serving as a dwelling with four or fewer residential units
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Sellers who violate this prohibition face a civil penalty of up to $1,000, enforceable in Superior Court or municipal court
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The law would take effect 90 days after enactment
Legislative Description
Prohibits seller of residential real estate from requiring potential buyers to disclose down payment when presenting offer to seller.
Regulated Professions
Last Action
Introduced, Referred to Assembly Regulated Professions Committee
4/4/2024
Committee Referrals
Regulated Professions4/4/2024
Full Bill Text
No bill text available