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NJ A4242

Bill

Official Source

Status

Introduced

2/19/2026

Primary Sponsor

Shanique Speight

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Extends the 5 business day grace period before late fees can be charged so it does not begin until after a qualified tenant receives their monthly public assistance payment
  • Applies to recipients of Social Security Old Age Pensions, Railroad Retirement Pensions, Social Security Disability Benefits, Supplemental Security Income, and Work First New Jersey benefits
  • Requires lease agreements to specify the dates on which qualified tenants are scheduled to receive public assistance payments each month
  • Removes the restriction that grace period protections only apply when rent is due on the first of the month, extending coverage to all qualified tenants regardless of rent due date
  • Takes effect 90 days after enactment and applies to leases entered into or renewed after that date

Legislative Description

Extends grace periods for rental late charges for certain tenants who receive public assistance payments.

Housing

Last Action

Introduced, Referred to Assembly Housing Committee

2/19/2026

Committee Referrals

Housing2/19/2026

Full Bill Text

No bill text available