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NJ S1056
Bill
Status
1/9/2024
Primary Sponsor
Linda Greenstein
Click for details
AI Summary
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Prohibits depository institutions in New Jersey from discriminating against mortgage loan applicants based on familial status, including loan availability, terms, and conditions
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Defines "familial status" to include natural, adoptive, and resource family parents; those with legal custody, guardianship, or visitation rights; pregnant individuals; and those in the process of securing custody of a minor
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Allows victims of discrimination to bring civil lawsuits and recover actual damages, reasonable attorneys' fees, and court costs
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Empowers the Commissioner of Banking and Insurance to investigate violations, hold hearings, issue subpoenas, and order institutions to cease unlawful practices
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Imposes a $10,000 penalty per offense for depository institutions that continue discriminatory practices after being ordered to stop by the commissioner
Legislative Description
Requires EDA to create needs-matching website for eligible entities.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
10/10/2024