A 3458 New Jersey General Assembly · 2024-2025 Regular Session

Requires creditors to maintain interior of vacant and abandoned residential property under foreclosure.

This bill would require creditors in residential foreclosure cases to maintain the interior of vacant and abandoned properties, not just the exterior as current law requires. Creditors must provide municipalities with contact information for property maintenance and would face fines of up to $1,500 per day for uncorrected interior violations after a 30-day correction period (or 10 days for imminent threats to public safety). The bill affects creditors pursuing foreclosure on residential properties that become vacant during the foreclosure process. Municipalities would enforce these requirements through local ordinances, with collected fines used for code enforcement purposes.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2024 Last action Feb 5, 2024
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Feb 5, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Carol Murphy
Carol Murphy
DDemocratic
NJ
7