The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
The "New Jersey Online Foreclosure Sale Act" allows for foreclosure sales to be conducted entirely online. The bill outlines requirements for online auctions, including vendor contracts, bidder verification, fee structures, and transparency. It also updates existing laws regarding foreclosure notices and procedures to accommodate this new method of sale, ensuring fairness and clarity for both debtors and lenders.
Bill text
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Document of record
- Version
- Third Reading Reprint
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Sponsors
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4 on record
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