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NJ A3314

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

William Sampson

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Caps annual association dues increases at 10% for unit owners in planned real estate developments over any 12-month period, with limited exceptions
  • Establishes enforcement through three avenues: investigation by the Director of Consumer Affairs, court action, or alternative dispute resolution
  • Imposes personal liability on executive board members for violations, including a $1,000 penalty per violation plus repayment of excess amounts collected
  • Allows associations to petition the Commissioner of Community Affairs for approval to exceed the 10% cap, with automatic approval if no decision is made within 90 days
  • Exempts dues increases related to building safety compliance requirements and other exceptions the Commissioner determines necessary and in the public interest

Legislative Description

Limits increase in association dues for unit owners in association of planned real estate development to 10 percent under certain circumstances.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

1/13/2026

Committee Referrals

Housing1/13/2026

Full Bill Text

No bill text available