NJ A4106

Amends N.J.S.A. 46:10B-1 to add "made primarily for personal, family, or household purposes" to the statutory definition of "mortgage loan"

Applies to loans secured by real property with structures containing one to six dwelling units, with interest rates exceeding 6% annually

Confirms that consumer mortgage loans retain existing prepayment penalty protections under state law

Allows prepayment penalty flexibility for commercial mortgage loans not made for personal, family, or household purposes

Takes effect immediately and applies only to mortgage loans entered into on or after the effective date