Enhances access to certain foreclosure counseling services.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
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 seeking assistance. It also clarifies the role of trained counselors in providing support to homeowners facing foreclosure.
Bill text
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Document of record
- Version
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Sponsors
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1 on record
Primary sponsor
Joseph Cryan
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