Bill
Bill > A3639
summary
Introduced
03/16/2020
03/16/2020
In Committee
03/16/2020
03/16/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill revises the "Fair Foreclosure Act," P.L.1995, c.244 (C.2A:50-53 et seq.) to create a private right of action for any violation of the act's provisions. Specifically, the bill provides that a person may bring an action in Superior Court against a residential mortgage lender for any violation of the "Fair Foreclosure Act," for actual damages or $1,000, whichever is greater, attorney's fees, costs of suit and appropriate equitable relief.
AI Summary
This bill revises the "Fair Foreclosure Act" to create a private right of action for any violation of the act's provisions. Specifically, the bill allows a person to bring an action in Superior Court against a residential mortgage lender for actual damages or $1,000, whichever is greater, as well as attorney's fees, costs of suit, and appropriate equitable relief.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 03/16/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A4000/3639_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A4000/3639_I1.PDF |
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