summary
Introduced
02/22/2024
02/22/2024
In Committee
02/22/2024
02/22/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill establishes the "Medical Debt Homestead Protection Act." Under the bill, any person aged 18 or over, married or single, who resides within the State may hold as a homestead exempt from attachment, execution, and forced sale, as result of a judgement obtained for the payment and satisfaction of a medical debt, any one of the following: an interest in real property upon which exists a dwelling house in which the person resides; an interest in a condominium or cooperative in which the person resides; or a manufactured home, including the land on which the manufactured home is situated. Only one homestead exemption at a time may be held by a person under the bill.
AI Summary
This bill establishes the "Medical Debt Homestead Protection Act." Under the bill, any person aged 18 or over, married or single, who resides within the State may hold as a homestead exempt from attachment, execution, and forced sale, as a result of a judgment obtained for the payment and satisfaction of a medical debt, their interest in real property with a dwelling house, a condominium or cooperative in which they reside, or a manufactured home. Only one homestead exemption may be held by a married couple or a single person under the bill.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 02/22/2024)
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/A3760 |
| BillText | https://pub.njleg.gov/Bills/2024/A4000/3760_I1.HTM |
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