A 433
Enhances access to certain foreclosure counseling services.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to improve access to foreclosure counseling services for homeowners in New Jersey. It expands the availability of these services by ensuring they are accessible regardless of whether a homeowner participates in foreclosure mediation. The bill establishes a dedicated fund for these counseling services and requires lenders to notify the Housing and Mortgage Finance Agency when providing a notice of intention to foreclose, facilitating outreach to homeowners needing assistance. It also clarifies the role of trained counselors in providing support to homeowners facing foreclosure.
Sponsors
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Primary sponsor
Michael Venezia
Cosponsor
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