New Jersey · 2026-2027 Regular Session · Bill
S 1420: Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.
Passed both chambers Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1420 is a bill introduced in the New Jersey Senate on January 13, 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: Joe Lagana (Democratic), Bob Singer (Republican), Sterley Stanley (Democratic), Roy Freiman (Democratic). It lists 1 additional sponsor. Most recent recorded action (October 29, 2026): Passed Assembly (Passed Both Houses) (76-0-0).
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 4 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Joe Lagana | Primary sponsor | Democratic | Senate | 38 |
| Bob Singer | Primary sponsor | Republican | Senate | 30 |
| Sterley Stanley | Primary sponsor | Democratic | House | 18 |
| Roy Freiman | Primary sponsor | Democratic | House | 16 |
| Gordon Johnson | Co-sponsor | Democratic | Senate | 37 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed Assembly (Passed Both Houses) (76-0-0)
- Substituted for A5389
- Reported out of Assembly Committee, 2nd Reading
- Received in the Assembly, Referred to Assembly Housing Committee
- Passed by the Senate (35-0)
- Reported from Senate Committee, 2nd Reading
- Introduced in the Senate, Referred to Senate Commerce Committee