Enhances access to certain foreclosure counseling services.

This bill (A4269) requires mortgage lenders to notify the New Jersey Housing and Mortgage Finance Agency (HMFA) within one business day when sending a foreclosure notice to a homeowner. It mandates HMFA to promptly offer free foreclosure counseling services to homeowners facing foreclosure, regardless of whether they plan to participate in mediation. The bill expands access by ensuring counseling is provided as a standard step after lenders issue foreclosure notices, rather than only as a prerequisite for mediation. This directly affects homeowners at risk of losing their homes, lenders who must send notices, and HMFA which must coordinate outreach.