state_legiscan_drain · NJ
Clarifies mortgage loans to mean loans made primarily for personal, family, or household purposes.
February 19, 2026
Summary
If enacted, this bill would clarify that 'mortgage loan' in New Jersey statutes means loans made primarily for personal, family, or household purposes. This narrows the definition to consumer-purpose loans, potentially excluding business-purpose loans from certain mortgage regulations. Affected entities include lenders, banks, credit unions, and fintechs originating or servicing mortgage loans in New Jersey.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A4106
Common questions
- What does "Clarifies mortgage loans to mean loans made primarily for personal, family, or household purposes." cover?
- If enacted, this bill would clarify that 'mortgage loan' in New Jersey statutes means loans made primarily for personal, family, or household purposes.…
- When was it published?
- It was published on February 19, 2026.
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