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Bill > A2685


NJ A2685

NJ A2685
Concerns information on property condition disclosure statement.


summary

Introduced
02/13/2020
In Committee
12/06/2021
Crossed Over
01/10/2022
Passed
01/10/2022
Dead
Vetoed
01/10/2022
Signed/Enacted/Adopted
01/18/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill requires that if a property condition disclosure statement contains information indicating the seller's awareness of water leakage, accumulation or dampness, the presence of mold or other similar natural substance, or repairs or other attempts to control any water or dampness problem on the real property, the real estate broker, broker-salesperson, or salesperson is to refer the buyer of the real property to the "Mold Guidelines for New Jersey Residents" pamphlet on the Department of Health Internet website, or other pamphlet or guidelines deemed appropriate by the director. However, under the amended bill, the real estate broker, broker-salesperson, or salesperson is required to provide the buyer with a physical copy of the pamphlet if requested by the buyer.

AI Summary

This bill requires that if a property condition disclosure statement contains information indicating the seller's awareness of water leakage, accumulation or dampness, the presence of mold or other similar natural substance, or repairs or other attempts to control any water or dampness problem on the real property, the real estate broker, broker-salesperson, or salesperson must refer the buyer to the "Mold Guidelines for New Jersey Residents" pamphlet on the Department of Health website, or other appropriate pamphlet or guidelines. Additionally, the real estate broker, broker-salesperson, or salesperson must provide the buyer with a physical copy of the pamphlet if requested. This bill aims to ensure that buyers are informed about potential mold or water-related issues with the property they are considering purchasing.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Passed Senate (Passed Both Houses) (39-0) (on 01/10/2022)

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