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 encourages purchasers of residential real property to record deeds in a timely fashion. Under the bill, a purchaser that submits a residential deed to the county for recording more than 90 days after the delivery date of the deed will be charged a late filing fee of $10 a day for each day thereafter, up to a cumulative total of $500. The bill would allow an extension of the deed delivery deadline if the county recording office is closed on the final day before the late filing fee is initiated. A late fee would not be imposed on State entities. A late fee would not be imposed if a delay in the delivery of a deed is the result of the deed being held in escrow. If failure to deliver a deed to the county recording officer within the time required is the fault of an agent or someone other than the grantee, then the late filing fee would be imposed upon the agent or other person and not passed through to the grantee. The bill dedicates the proceeds of these late filing fees to combatting homelessness.
AI Summary
This bill aims to encourage the prompt recording of deeds for residential real property by introducing a late filing fee for purchasers who fail to submit their deeds to the county recording office within 90 days of receiving them. This fee is set at $10 per day, with a maximum cumulative penalty of $500, and is intended to incentivize timely action. However, exceptions are provided: the deadline can be extended if the county recording office is closed on the 90th day, and no fee will be charged if the delay is due to the deed being held in escrow. Furthermore, if the delay is the fault of an agent or someone other than the buyer (the "grantee"), the fee will be charged to that responsible party, not the buyer. Importantly, state entities are exempt from this fee. The bill also specifies that the money collected from these late filing fees will be dedicated to combating homelessness, with proceeds going to county Homelessness Housing Trust Funds. To facilitate this, the bill amends existing law to require that the deed or an appended affidavit include the delivery date of the deed to the grantee.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Housing 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/A1668 |
| BillText | https://pub.njleg.gov/Bills/2026/A2000/1668_I1.HTM |
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