state_legiscan_drain · NJ
Requires funds received by NJ from lawsuits in which AG participated be held in escrow by certain financial institutions.
June 1, 2026
Summary
If enacted, this bill would require that funds received by the state of New Jersey from lawsuits in which the Attorney General participated be held in escrow by certain financial institutions. It would affect banks, credit unions, and other eligible financial institutions that may serve as escrow agents for the state. The bill does not directly impact mortgage lending or consumer financial services beyond the escrow holding requirement.
Source: https://www.njleg.state.nj.us/bill-search/2026/A5163
Common questions
- What does "Requires funds received by NJ from lawsuits in which AG participated be held in escrow by certain financial institutions." cover?
- If enacted, this bill would require that funds received by the state of New Jersey from lawsuits in which the Attorney General participated be held in…
- When was it published?
- It was published on June 1, 2026.