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NJ S1451
Bill
Status
1/9/2024
Primary Sponsor
Joseph Lagana
Click for details
AI Summary
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Residential mortgage lenders must notify the New Jersey Housing and Mortgage Finance Agency (HMFA) within one business day of sending a homeowner a notice of intention to foreclose.
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HMFA must ensure a trained foreclosure counselor promptly contacts homeowners who receive foreclosure notices to offer counseling services.
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Homeowners facing foreclosure gain access to free financial counseling services through the New Jersey Foreclosure Counseling Fund regardless of whether they intend to participate in foreclosure mediation.
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The bill expands the existing counseling fund to cover outreach and services to all homeowners receiving foreclosure notices, not just those entering mediation.
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HMFA must adopt implementing rules and regulations within four months of enactment, with the bill's provisions becoming operative at that time.
Legislative Description
Establishes gross income tax credit and corporation business tax credit for student loan payments.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
1/9/2024