# New Jersey A4893: Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*

New Jersey A4893, Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*, is a 220th Legislature (2024-2025) House bill sponsored by Joe Danielsen (Democratic), Tennille R. McCoy (Democratic), Shanique Speight (Democratic); status failed, last action 2024-12-19 (Substituted by S3525 (2R)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-A4893-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey A4893
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*
- Status: failed
- Chamber: House
- Introduced: 2024-10-17
- Last action: 2024-12-19, Substituted by S3525 (2R)
- Sponsors: Joe Danielsen (Democratic), Tennille R. McCoy (Democratic), Shanique Speight (Democratic)
- Cosponsors: 13
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Joe Danielsen (Democratic), House
- Sponsor: Tennille R. McCoy (Democratic), House
- Sponsor: Shanique Speight (Democratic), House
- Cosponsor: Atkins, Reginald W.
- Cosponsor: Linda S. Carter (Democratic), House
- Cosponsor: Wayne P. DeAngelo (Democratic), House
- Cosponsor: Mitchelle Drulis (Democratic), House
- Cosponsor: Kevin P. Egan (Democratic), House
- Cosponsor: Marenco, Julio
- Cosponsor: McCann Stamato, Barbara
- Cosponsor: Carmen Theresa Morales (Democratic), House
- Cosponsor: Ramirez, Jessica
- Cosponsor: Verlina Reynolds-Jackson (Democratic), House
- Cosponsor: Gabriel Rodriguez (Democratic), House
- Cosponsor: Michael Venezia (Democratic), House
- Cosponsor: Benjie E. Wimberly (Democratic), Senate

## Actions (3)

- 2024-12-19: Substituted by S3525 (2R) (House)
- 2024-12-09: REP/ACA, 2nd Reading in Assembly (House)
- 2024-10-17: Introduced, 1st Reading in Assembly, Referred to Assembly Financial Institutions and Insurance Committee (House)

## Bill text

- As Introduced, 2024-12-10: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_I1.PDF)
- Assembly Financial Institutions and Insurance (12/9/24 1R), 2024-12-10: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_R1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_R1.PDF)
- Assembly Financial Institutions and Insurance Substitute (12/9/24), 2024-12-10: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_S1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_I1.PDF)
- [Assembly Financial Institutions and Insurance (12/9/24 1R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_R1.HTM)
- [Assembly Financial Institutions and Insurance (12/9/24 1R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_R1.PDF)
- [Assembly Financial Institutions and Insurance Substitute (12/9/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_S1.HTM)
- [Assembly Financial Institutions and Insurance Substitute (12/9/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A5000/4893_S1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-A4893-2024-2025 (as of 2026-10-17).