state_legiscan_drain · NJ
Requires DMVA to provide mortgage loan counseling under certain circumstances.
June 15, 2026
Summary
If enacted, this bill would require the New Jersey Department of Military and Veterans Affairs to provide mortgage loan counseling to eligible veterans and service members under certain conditions, such as when facing delinquency or seeking loan modifications. The counseling would aim to help veterans avoid foreclosure and make informed decisions about their home loans. While the bill imposes no direct obligations on private mortgage lenders or servicers, they may need to coordinate with the DMVA for veteran borrowers.
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/A5281
Common questions
- What does "Requires DMVA to provide mortgage loan counseling under certain circumstances." cover?
- If enacted, this bill would require the New Jersey Department of Military and Veterans Affairs to provide mortgage loan counseling to eligible veterans…
- When was it published?
- It was published on June 15, 2026.
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