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NJ A3465

Bill

Status

Introduced

1/13/2026

Primary Sponsor

Yvonne Lopez

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Expands exceptions allowing persons who acquired property interests below fair market value to join tax lien foreclosure proceedings in New Jersey

  • Creates two new written certification options: transferors can acknowledge reviewing a licensed appraiser's fair market value appraisal and voluntarily consent to sell below that value, OR acknowledge being advised of appraisal rights but voluntarily choosing to sell without one

  • Retains existing exceptions for family members, those with close personal relationships to transferors, and persons who acquired interests through judicial sales

  • Amends P.L.1954, c.186 (C.54:5-89.1) to provide property transferors with documented protections when knowingly selling below market value during pending foreclosure actions

Legislative Description

Clarifies exceptions regarding certain requirements for person seeking to be made party in certain foreclosure actions.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

1/13/2026

Committee Referrals

Housing1/13/2026

Full Bill Text

No bill text available