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

This bill prohibits homeowners' associations, condominium associations, and cooperatives in New Jersey from charging transfer fees or other revenue-raising charges when a member places their unit, shares, or proprietary lease into a living, revocable trust. It clarifies that such trust placements do not count as a "title transfer" under community governing documents, preventing associations from imposing standard transfer fees for this common estate planning action. Associations may still charge reasonable fees directly tied to administrative costs incurred during the transfer process. The law directly affects homeowners in common interest communities, particularly seniors using trusts for estate planning, by protecting them from unexpected fees during this type of ownership arrangement.