Requires mortgage lenders to maintain vacant, age-restricted dwelling units during foreclosure.

This bill requires mortgage lenders to maintain vacant, age-restricted housing units (typically senior living communities) during foreclosure proceedings. Lenders must notify municipalities within 10 days of filing foreclosure actions and provide contact details for property maintenance representatives. If a vacant unit becomes a safety hazard or code violation, the lender - not the municipality - must address it within 30 days, or face penalties. The bill applies specifically to properties designated as age-restricted under New Jersey law, ensuring continued upkeep during legal proceedings.