S 3371
Prohibits certain financial institutions from requiring certain disabled veterans to include anticipated property tax obligations as part of mortgage applications.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill aims to help disabled veterans and their surviving spouses secure mortgages by prohibiting certain financial institutions in New Jersey from requiring them to include anticipated property tax obligations in their mortgage applications. The bill establishes specific criteria for determining eligibility for a property tax exemption and requires assessors to certify this eligibility to lenders. It also outlines procedures for lenders to ensure veterans and surviving spouses can easily access information about financial institutions offering mortgage services.
Sponsors
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Primary sponsor
James Holzapfel
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