Asm. Tennille McCoy

Maddy summaryThis bill clarifies that a "mortgage loan" refers specifically to loans made primarily for personal, family, or household purposes, secured by residential properties (1-6 dwelling units). It directly affects homebuyers and renters with standard mortgages by exempting these loans from prepayment penalties, meaning borrowers can pay off their loans early without extra fees. The key mechanism updates the legal definition to ensure consumer loans (not commercial ones) cannot include prepayment penalties, while allowing such fees for commercial mortgage loans. This applies to all new mortgage loans entered into after the bill's effective date.

Maddy summaryThis bill creates a $4.5 million grant program to reimburse New Jersey school districts for costs incurred when expanding their procurement of locally grown food for students. It directly affects eligible school districts participating in federal meal programs (like National School Lunch and School Breakfast Programs), requiring them to submit plans for new or expanded local food sourcing beyond current baseline levels. The program reimburses documented costs for minimally processed local foods (like fruits, vegetables, or grains grown in New Jersey), excluding fluid dairy milk. School districts must implement new policies to increase local food access during school meals or summer programs to qualify for reimbursement.

Maddy summaryThis bill requires New Jersey's Chief Diversity Officer (within the Treasury Department) to partner with the Business Action Center and Economic Development Authority to organize regular outreach events and training programs for certified minority and women-owned businesses. The programs will promote awareness of state contracting opportunities and provide practical training in areas like marketing, finance, technology, and project management. These activities must occur virtually or at community locations (including non-profits or faith-based sites) throughout the state.

Maddy summaryThis New Jersey bill authorizes the Motor Vehicle Commission to issue special license plates for the Alpha Phi Alpha Fraternity, Inc. to vehicles registered in the state. Owners who apply for these plates must pay an additional fee, with the collected money placed in a dedicated fund to support the fraternity's mission and programs after administrative costs are covered. The design and color scheme of the plates will be selected in consultation with the fraternity's Eastern Region leadership, and the program includes provisions for publicizing the option to eligible motorists.

Maddy summaryThis bill requires New Jersey's Motor Vehicle Commission (MVC) to display a person's full legal name - including Roman numerals - on specific driver's licenses, permits, and identification cards. It directly affects residents whose legal names (as recorded on birth certificates) include Roman numerals (e.g., "John Smith III"). The MVC must display these names upon receiving standard documentation proving identity, age, and residence, as already required for license issuance. The policy applies to all standard licenses, REAL ID cards, and commercial driver's licenses, ensuring official documents reflect legally recognized names.

Maddy summaryThis New Jersey bill requires vehicle owners to display only a single rear registration plate, removing the legal requirement to show a plate on the front of the vehicle. It directly affects all drivers in the state by changing how they must display their license plates and will require those who currently have two plates to return one to the Motor Vehicle Commission. The law also includes a public awareness campaign to inform drivers about the new rules and clarifies that obscured plate information will still be enforceable if it can reasonably be identified.

Maddy summaryThis bill allows individuals in New Jersey diagnosed with autism spectrum disorder, communication disorders, or acquired brain injuries to voluntarily add these conditions to their driver's licenses or non-driver ID cards. To qualify, individuals must submit specific medical documentation, and the Motor Vehicle Commission will work with health officials to define these requirements. Additionally, the bill creates a secure statewide registry where people can share their diagnosis and emergency contact details with law enforcement to aid communication during traffic stops. The legislation also mandates that the state develop and distribute guidance to police officers on how to effectively interact with individuals who have these disabilities.

Maddy summaryThis bill requires New Jersey's Division of Consumer Affairs to create a model policy within three months for how professionals and licensed workers can use generative artificial intelligence in their work. Professional and occupational boards would then have six months to adopt this model policy with any necessary adjustments specific to their fields. The law defines generative artificial intelligence as systems that create text, audio, or visual content with minimal human oversight and temporarily bypasses standard rule-making procedures to speed up implementation. Once adopted, these rules would remain in effect for one year before being reviewed and updated through normal administrative processes.

Maddy summaryThis bill regulates pharmacy benefits managers (PBMs) and insurance carriers to increase transparency and fairness in prescription drug coverage. It requires carriers and PBMs to establish pharmacy and therapeutics committees with strict conflict-of-interest rules, prohibits commission-based PBM compensation (mandating flat fees instead), and mandates detailed reporting of PBM fees for insurance filings. The law directly affects insurers, PBMs, and pharmacies by changing how drug formularies (approved drug lists) are managed and how PBM costs are calculated and disclosed. Key provisions include banning preferential formulary placement for higher-cost drugs over lower-cost generics/biosimilars and requiring actuarial documentation for PBM compensation. The bill aims to reduce patient cost-sharing and ensure PBM compensation aligns with administrative costs.

Maddy summaryThis New Jersey bill increases fines for retailers selling tobacco or vaping products to people under 21. Retailers face $750 for a first violation, $1,500 for a second, and $3,000 for third or subsequent violations. It also allows license suspension after a second violation and requires retailers to post warning signs at point-of-sale. Five percent of collected fines fund public education about vaping risks and illegal sales. The law directly affects stores selling tobacco or vaping products, aiming to reduce underage access through stricter penalties.