Bill
S 3525
Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*
2024-2025 Regular Session
Introduced by Reginald Atkins and 19 co-sponsors
New Jersey requires mortgage lenders to offer borrowers biweekly/semi-monthly payment options and penalty-free additional principal payments to accelerate equity building.
Approved P.L.2025, c.56.