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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Sterley Stanley | Primary sponsor | Democratic | House | 18 |
| Roy Freiman | Primary sponsor | Democratic | House | 16 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Substituted by S1420
- Reported out of Assembly Committee, 2nd Reading
- Transferred to Assembly Housing Committee
- Introduced, Referred to Assembly Financial Institutions and Insurance Committee