Bill
Bill > A2535
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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, court costs, and appropriate equitable relief.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2535 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2535_I1.HTM |
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