NJ S4741

Sellers of residential property must provide written disclosure to purchasers if any part of the property is located within one-half mile of an operating landfill that receives household, commercial, or industrial waste

Purchasers may cancel the contract within five business days of execution by sending certified mail notice to the seller, with no penalty, fee, or adverse consequences for cancellation

Sellers who fail to disclose face fines of $5,000 or 10% of the purchase price (whichever is greater) per violation, enforceable by the Commissioner of Community Affairs or Attorney General

Purchasers may also bring a private action against violating sellers to recover the same penalty amount plus attorney's fees, court costs, and expert witness expenses

Department of Community Affairs must adopt rules in consultation with the Department of Environmental Protection and New Jersey Real Estate Commission, including maintaining a database of operating landfills