NJ AR102

Urges the New Jersey Supreme Court to amend Court Rules to increase transparency and fairness in consumer debt collection lawsuits based on the 2024 Consumer Debt Litigation Index report from Fordham University School of Law.

Recommends requiring creditors to include in pleadings: the original creditor's name, chain of assignment for transferred debts, and itemized breakdown of principal, interest, fees, and other charges.

Calls for stricter default judgment requirements including proof of service of all court filings, authenticated copies of original credit agreements and account statements, and sum certain calculations of amounts owed.

Requests creditors prove compliance with statutes of limitations by showing the date claims accrued and that lawsuits were timely filed.

Seeks to limit the frequency of post-judgment debtor examinations to prevent harassment of debtors through excessive depositions.