summary
Introduced
10/27/2016
10/27/2016
In Committee
10/27/2016
10/27/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill would encourage 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 30 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 dedicates the proceeds of these late filing fees to combatting homelessness.
AI Summary
This bill would encourage purchasers of residential real property to record deeds in a timely fashion. It imposes a late filing fee of $10 per day, up to a total of $500, on grantees who submit a residential deed for recording more than 30 days after the delivery date of the deed. The proceeds from these late filing fees will be dedicated to combatting homelessness.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Housing and Community Development Committee (on 10/27/2016)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A4500/4289_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A4500/4289_I1.PDF |
Loading...