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NJ S3735
Bill
Status
3/5/2026
Primary Sponsor
Douglas Steinhardt
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AI Summary
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Extends mortgage forbearance period for Hurricane Ida-impacted homeowners from one year to two years after receiving a Certification of Eligibility for Forbearance from the Department of Community Affairs.
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Extends foreclosure stay protections to conclude upon the earlier of two years (previously one year) following the initial stay award, or January 1, 2027 (previously January 1, 2026).
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Amends P.L.2024, c.85 to provide additional time for storm-impacted homeowners in New Jersey who suffered damage from the remnants of Hurricane Ida.
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Takes effect immediately and applies retroactively to January 1, 2026.
Legislative Description
Extends foreclosure protections for certain homeowners impacted by remnants of Hurricane Ida.
Community and Urban Affairs
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
3/5/2026