NJ A2106

Caps residential rental property application fees at $50, with annual adjustments based on the Consumer Price Index for the New York-Northern New Jersey-Long Island Metropolitan Area

Landlords violating the fee cap face a $1,500 penalty per offense, with $250 from each collected penalty remitted to the affected applicant or prospective tenant

Exempts one-family and two-family dwellings from the application fee cap requirements

Enforcement authority rests with the Director of the Division of Consumer Affairs or the Attorney General through summary proceedings in Superior Court

Takes effect on the first day of the fourth month following enactment, with the Division of Consumer Affairs required to establish an online mechanism for reporting violations