NJ S3659

Caps residential rental application fees at $50, with annual adjustments based on the Consumer Price Index for the New York-Northern New Jersey metropolitan area

Establishes tiered penalties for violations: up to $500 for first offense, up to $750 for second offense, and up to $1,000 for each subsequent offense

Requires landlords who violate the cap to reimburse applicants the amount wrongfully charged from the collected penalty

Exempts one-family and two-family dwelling units from the fee limitation

Exempts licensed New Jersey real estate agents from the cap unless they are the actual landlord of the property