S 3226
Regulates institutional investor activities related to ownership of single-family homes, including purchase and lease; supports certain homebuyer assistance programs.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill regulates how institutional investors purchase and lease single-family homes in New Jersey. It prohibits these investors from contacting homeowners about properties for the first 75 days they are listed and restricts them from bidding on or buying homes during that time. The bill also supports homebuyer assistance programs and requires institutional investors to report certain information to the state. Violations can result in significant penalties.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.