Bill Text: NJ A3537 | 2010-2011 | Regular Session | Amended

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Bill Title: Requires certain owners of foreclosed property to file contact information with municipality and common interest community.*

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Engrossed - Dead) 2011-11-21 - Reported from Senate Committee with Amendments, 2nd Reading [A3537 Detail]

Download: New_Jersey-2010-A3537-Amended.html

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[First Reprint]

ASSEMBLY, No. 3537

STATE OF NEW JERSEY

214th LEGISLATURE

 

INTRODUCED DECEMBER 6, 2010

 

 

Sponsored by:

Assemblyman  CRAIG J. COUGHLIN

District 19 (Middlesex)

Assemblyman  PATRICK J. DIEGNAN, JR.

District 18 (Middlesex)

Assemblywoman  NELLIE POU

District 35 (Bergen and Passaic)

 

Co-Sponsored by:

Assemblywomen Jasey, Wagner and Assemblyman O'Donnell

 

 

 

 

SYNOPSIS

     Requires certain owners of foreclosed property to file contact information with municipality and common interest community.

 

CURRENT VERSION OF TEXT

     As reported by the Senate Commerce Committee on November 21, 2011, with amendments.

  

An Act requiring ¹an¹ owner taking title to certain residential property through sheriff's sale to register with ¹the¹ municipality and ¹any association or common interest community and¹ supplementing Title 46 of the Revised Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    The owner of any non-owner occupied residential property who takes title to the property as the result of a sheriff's sale or deed in lieu of foreclosure ¹, other than an owner who has previously provided notice to the municipality pursuant to section 17 of P.L.2008, c.127 (C.46:10B-51),¹ shall provide notice, within ¹[three] 10¹ business days, to the municipal clerk, or any other designated municipal official, of the municipality wherein the property is located ¹, and to any association or common interest community, of which the residential property is a part, governed by the "Horizontal Property Act," P.L.1963, c.168 (C.46:8A-1 et seq.), the "Condominium Act," P.L.1969, c.257 (C.46:8B-1 et seq.), or "The Planned Real Estate Development Full Disclosure Act,"  P.L.1977, c.419 (C.45:22A-21 et seq.),¹ providing the name and address of the owner.  If the owner is not located within New Jersey, then the owner shall designate an agent within New Jersey, including the agent's address, who is authorized to accept service of process on behalf of the property owner.

 

     2.    This act shall take effect immediately.