state_legiscan_drain · NJ
Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.
September 10, 2026
Summary
If enacted, this bill would permit senior citizen borrowers in New Jersey to designate a third party to receive notice of delinquency in mortgage or property tax payments. Servicers and lenders would be required to honor those designations and send delinquency notifications to the designated party alongside the borrower. This affects servicers, lenders, and senior citizen borrowers, adding a notification obligation to existing delinquency procedures.
AI-generated summary · Sep 13, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A5427
Common questions
- What does "Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes." cover?
- If enacted, this bill would permit senior citizen borrowers in New Jersey to designate a third party to receive notice of delinquency in mortgage or…
- When was it published?
- It was published on September 10, 2026.
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