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NJ S2798
Bill
Status
1/13/2026
Primary Sponsor
Angela Mcknight
Click for details
AI Summary
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Prohibits licensed real estate appraisers and registered appraisal management companies from discriminating in residential property appraisals based on race, creed, color, or national origin of the buyer or seller
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Authorizes the State Real Estate Appraiser Board to suspend or revoke licenses, certifications, or registrations and impose fines or civil penalties for knowingly engaging in discriminatory appraisals
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Requires the board to conduct an appropriate investigation before determining a violation has occurred
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Mandates written notice to license holders explaining reasons for any disciplinary action and guarantees a hearing opportunity under the Administrative Procedure Act
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Applies to all holders of appraisal licenses, certifications, and appraisal management company registrations under existing New Jersey law (P.L.1991, c.68 and P.L.2017, c.72)
Legislative Description
Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026