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NJ S69
Bill
Status
1/9/2024
Primary Sponsor
Nilsa Cruz-Perez
Click for details
AI Summary
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Depository institutions (banks, savings and loans, credit unions) are prohibited from discriminating against mortgage loan applicants based on familial status when making loans available or setting loan terms and conditions
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"Familial status" includes natural, adoptive, or resource family parents; those with legal custody, guardianship, or visitation rights to a child; pregnant individuals; and those in the process of securing legal custody of a minor
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Victims of discrimination may sue in New Jersey courts and recover actual damages, reasonable attorneys' fees, and court costs
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The Commissioner of Banking and Insurance may investigate violations, hold hearings, issue subpoenas, and order institutions to cease unlawful practices
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Depository institutions that continue violating the law after a cease order face penalties of $10,000 per offense
Legislative Description
Prohibits mortgage loan discrimination based on familial status.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024