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NJ S3524
Bill
Status
Introduced
6/28/2024
Primary Sponsor
Nellie Pou
Click for details
AI Summary
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Sellers of residential real estate cannot require potential buyers to disclose the amount of their down payment when submitting a purchase offer
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Residential real estate is defined as properties serving as dwellings 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.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
6/28/2024
Committee Referrals
Commerce6/28/2024
Full Bill Text
No bill text available