Bill
Bill > A2473
NJ A2473
NJ A2473Prohibits seller of residential real estate from requiring potential buyers to disclose down payment when presenting offer to seller.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill prohibits a seller of residential real estate from requiring potential buyers to disclose the amount that the buyer will provide as a down payment for the residential real estate. A seller who violates the provisions of this act will be liable to a civil penalty of no more than $1,000. For the purpose of this bill, "residential real estate" means a property or structure or both which serves as a dwelling. "Residential real estate" does not include a dwelling with more than four residential units.
AI Summary
This bill prohibits sellers of residential real estate, defined as properties or structures serving as dwellings but not including buildings with more than four units, from demanding that potential buyers reveal their down payment amount when submitting an offer to purchase. A down payment is the upfront sum a buyer pays towards the total purchase price. Sellers who violate this rule can face a civil penalty of up to $1,000, which will be collected through legal action.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Regulated Professions Committee (on 01/13/2026)
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/2026/A2473 |
| BillText | https://pub.njleg.gov/Bills/2026/A2500/2473_I1.HTM |
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