summary
Introduced
03/08/2018
03/08/2018
In Committee
03/08/2018
03/08/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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. If a deed is not recorded within 30 days of being delivered to the grantee, the grantee will be charged a late filing fee of $10 per day, up to a maximum of $500. The proceeds from these late filing fees will be used to combat homelessness by being deposited into the county's Homelessness Housing Trust Fund or a similar account.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 03/08/2018)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/S2500/2216_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S2500/2216_I1.PDF |
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