Prohibits common interest communities from penalizing members who place unit into living, revocable trust fund or classifying placement as title transfer.

This bill prevents homeowners' associations, condominiums, and cooperatives in New Jersey from charging transfer fees when members place their unit or shares into a living, revocable trust. It clarifies that such trust placements do not count as a "title transfer," eliminating fees like membership, capital contribution, or transfer taxes that associations might otherwise impose. Associations may still charge a reasonable fee covering actual administrative costs for processing the transfer. The law directly affects residents of common interest communities who use living trusts for estate planning, particularly seniors. It takes effect immediately upon passage.