2024-2025 Regular Session • New Jersey Legislature
S3525
Legislative Summary
Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
6/28/2024
Introduced in the Senate, Referred to Senate Commerce Committee
Senate
9/12/2024
Transferred to Senate Community and Urban Affairs Committee
Senate
9/30/2024
Reported from Senate Committee with Amendments, 2nd Reading
Senate
10/28/2024
Passed by the Senate (39-0)
Senate
10/28/2024
Received in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee
General Assembly
12/9/2024
Reported out of Assembly Comm. with Amendments, 2nd Reading
General Assembly
12/19/2024
Substituted for A4893 (1R)
General Assembly
12/19/2024
Passed by the Assembly (72-1-0)
General Assembly
1/14/2025
Received in the Senate, 2nd Reading on Concurrence
Senate
3/24/2025
Passed Senate (Passed Both Houses) (39-0)
Senate
Roll Call Votes
Senate Floor: Concur in Assembly Amendments
3/24/2025
39
Yea
0
Nay
1
Not Voting
0
Absent
Result: PASSED
Assembly Floor: Third Reading - Final Passage
12/19/2024
72
Yea
1
Nay
7
Not Voting
0
Absent
Result: PASSED
Assembly Floor: Substitute for A4893 (Voice Vote)
12/19/2024
0
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Assembly Financial Institutions and Insurance Committee: Reported with Amendments
12/9/2024
12
Yea
0
Nay
1
Not Voting
0
Absent
Result: PASSED
Senate Floor: Third Reading - Final Passage
10/28/2024
39
Yea
0
Nay
1
Not Voting
0
Absent
Result: PASSED
Senate Community and Urban Affairs Committee: Reported with Amendments
9/30/2024
5
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Enrolled(3/24/2025)
Chamber
Senate
Sponsors
Democrat: 20
Primary Sponsor
Nellie Pou
Democrat
Co-Sponsors (19)
Angela Mcknight
Democrat
Tennille McCoy
Democrat
Shanique Speight
Democrat
Joe Danielsen
Democrat
Britnee Timberlake
Democrat
Verlina Reynolds-Jackson
Democrat
Linda Carter
Democrat
Jessica Ramirez
Democrat
Gabriel Rodriguez
Democrat
Barbara McCann Stamato
Democrat
Wayne DeAngelo
Democrat
Kevin Egan
Democrat
Mitchelle Drulis
Democrat
Carmen Morales
Democrat
Michael Venezia
Democrat
Julio Marenco
Democrat
Reginald Atkins
Democrat
Benjie Wimberly
Democrat
Teresa Ruiz
Democrat