NJ S1056

Prohibits New Jersey depository institutions (banks, savings and loans, credit unions) from discriminating against mortgage loan applicants based on familial status, including loan availability, terms, and conditions

Defines "familial status" broadly to include natural, adoptive, and foster parents; those with legal or physical custody, guardianship, or visitation rights; pregnant persons; and those in the process of securing custody of a minor

Allows individuals who experience discrimination to sue in New Jersey courts and recover actual damages, reasonable attorneys' fees, and court costs

Grants the Commissioner of Banking and Insurance authority to investigate violations, hold hearings, issue subpoenas, and order institutions to cease unlawful practices

Imposes a $10,000 penalty per offense on depository institutions that continue discriminatory practices after being ordered by the commissioner to stop