state_legiscan_drain · NJ
Permits municipalities to waive interest on certain delinquent property tax payments delivered after required due date.
June 4, 2026
Summary
If enacted, this bill would permit municipalities in New Jersey to waive interest on certain delinquent property tax payments if the payment is delivered after the required due date. Mortgage servicers managing property tax escrows would need to monitor whether local municipalities exercise this waiver and adjust escrow calculations accordingly.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A5220
Common questions
- What does "Permits municipalities to waive interest on certain delinquent property tax payments delivered after required due date." cover?
- If enacted, this bill would permit municipalities in New Jersey to waive interest on certain delinquent property tax payments if the payment is delivered…
- When was it published?
- It was published on June 4, 2026.
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