state_legiscan_drain · NJ
Regulates use of artificial intelligence in certain mortgage lending tools to minimize discrimination in lending.
September 14, 2026
Summary
If enacted, this bill would regulate the use of artificial intelligence in certain mortgage lending tools to minimize discrimination in lending. It would affect mortgage originators, lenders, banks, and fintechs that deploy AI-based underwriting, pricing, or credit decisioning tools, requiring them to ensure such tools do not produce discriminatory outcomes. Borrowers and consumers would benefit from protections against biased AI-driven lending decisions.
AI-generated summary · Sep 20, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/A5496
Common questions
- What does "Regulates use of artificial intelligence in certain mortgage lending tools to minimize discrimination in lending." cover?
- If enacted, this bill would regulate the use of artificial intelligence in certain mortgage lending tools to minimize discrimination in lending. It would…
- When was it published?
- It was published on September 14, 2026.
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