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NJ A1668
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Verlina Reynolds-Jackson
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AI Summary
- Imposes a late filing fee of $10 per day (capped at $500) on residential property deeds submitted for recording more than 90 days after delivery to the grantee
- Exempts deeds held in escrow, State entities, and cases where the county recording office is closed on the deadline day
- Requires the agent or third party responsible for delays to pay the late fee rather than passing it through to the grantee
- Mandates that all late filing fee proceeds be deposited into the county's Homelessness Housing Trust Fund
- Requires deeds to include a statement of the delivery date to the grantee in addition to the consideration amount
Legislative Description
Encourages timely recording of residential deeds.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026
Committee Referrals
Housing1/13/2026
Full Bill Text
No bill text available