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NJ A4377

Bill

Status

Introduced

2/19/2026

Primary Sponsor

Alex Sauickie

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • 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.

  • Mandates disclosure of at least one company member's identity if the registered agent is not a member of the LLC.

  • Applies to all residential rental properties regardless of the number of dwelling units.

  • Amends existing deed recording requirements under P.L.1968, c.49 (C.46:15-6) and supplements the Revised Uniform Limited Liability Company Act.

  • 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

Committee Referrals

Housing2/19/2026

Full Bill Text

No bill text available