New JerseyS1420221st Legislature (2026-2027)Senate

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

Sponsored By: Joseph A. Lagana (Democratic), Robert W. Singer (Republican)

Passed Senate

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsors

  • Joseph A. Lagana

    Democratic • Senate

  • Robert W. Singer

    Republican • Senate

Cosponsors

  • Gordon M. Johnson

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 35 • No: 0

Senate vote • 5/28/2026

3RDG FINAL PASSAGE

Yes: 35 • No: 0

Actions Timeline

  1. Reported, 2nd Reading in Assembly

    10/5/2026House
  2. Received in Assembly, Referred to Assembly Housing Committee

    5/28/2026House
  3. Passed Senate — (35-0)

    5/28/2026Senate
  4. Reported, 2nd Reading in Senate

    5/18/2026Senate
  5. Introduced, 1st Reading in Senate, Referred to Senate Commerce Committee

    1/13/2026Senate

Bill Text

  • Assembly Housing Substitute (10/5/26)

    10/6/2026

  • Senate Commerce (5/18/26 TR)

    5/19/2026

  • Senate Commerce Substitute (5/18/26)

    5/19/2026

  • As Introduced

    5/12/2026

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