Limits amount of residential rental property application fee; establishes penalty.

This bill (S 453) prohibits landlords or their agents from charging residential rental application fees exceeding $50 for most properties, directly affecting landlords who collect such fees. Violations carry a $1,500 penalty per offense, with $250 of each penalty returned to the tenant. It exempts single-family and two-family homes from the fee cap and requires the Division of Consumer Affairs to create an online reporting system for violations. The bill was withdrawn after being enacted as P.L.2025, c.405, meaning it is now law.