Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows senior citizens in New Jersey to choose a trusted individual – a third party – to be automatically notified when their mortgage or property taxes become overdue. Currently, seniors may not always receive timely notices of delinquency, which can lead to financial difficulties and potential property loss. The bill aims to provide a safeguard by ensuring these individuals are promptly informed of payment issues. This proactive measure helps seniors manage their finances and potentially avoid foreclosure.
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