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NJ A1946

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Annette Quijano

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Requires the Commissioner of Community Affairs to establish a training program for executive board members of planned real estate development associations, including homeowners' associations, condominiums, and cooperatives
  • Mandates at least three hours of training to be completed within 180 days of the start of a board member's term of office
  • Training curriculum must cover good business practices, model record keeping procedures, legal requirements for boards, budgeting, maintaining reserve accounts, and information on State assistance resources
  • Commissioner has authority to remove board members who fail to complete the required training
  • Takes effect on the first day of the fifth month following enactment, with regulations to be adopted by the same deadline

Legislative Description

Requires training of planned real estate development association board members.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

1/13/2026

Committee Referrals

Housing1/13/2026

Full Bill Text

No bill text available