New Jersey · 2026-2027 Regular Session · Bill

A 5389: Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.

In committee Last action October 29, 2026: Substituted by S1420

Plain-language summary

A 5389 is a bill introduced in the New Jersey House on September 10, 2026. According to its official title, it concerns: Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods. Primary sponsor: Sterley Stanley (Democratic), Roy Freiman (Democratic). Most recent recorded action (October 29, 2026): Substituted by S1420.

Sponsors

Primary sponsors: Sterley Stanley (Democratic); Roy Freiman (Democratic).