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NJ A4377
Bill
Status
2/19/2026
Primary Sponsor
Alex Sauickie
Click for details
AI Summary
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Requires limited liability companies (domestic and foreign) purchasing residential rental property to file an affidavit disclosing the name and business address of the company's registered agent when recording the deed.
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Mandates disclosure of at least one company member's identity if the registered agent is not a member of the LLC.
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Applies to all residential rental properties regardless of the number of dwelling units.
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Amends existing deed recording requirements under P.L.1968, c.49 (C.46:15-6) and supplements the Revised Uniform Limited Liability Company Act.
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Takes effect immediately upon enactment.
Legislative Description
Requires limited liability company to disclose certain information when recording deed concerning residential rental property.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
2/19/2026