New Jersey · 2026-2027 Regular Session · Bill

S 264: Establishes pre-loan counseling requirements and borrower rights of recission for reverse mortgage loans.

In committee Last action January 13, 2026: Introduced in the Senate, Referred to Senate Commerce Committee

Plain-language summary

S 264 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: Establishes pre-loan counseling requirements and borrower rights of recission for reverse mortgage loans. Primary sponsor: Shirley Turner (Democratic), Paul Moriarty (Democratic). Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Commerce Committee.

Sponsors

Primary sponsors: Shirley Turner (Democratic); Paul Moriarty (Democratic).