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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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NJ · A741CMTE · 7 COSPONSORS

Prohibits certain financial institutions from requiring certain disabled veterans to include anticipated property tax obligations as part of mortgage applications.

Also relevant to:Homeowner
Where it is in the process
Plain-English Summary

This bill would allow certain disabled veterans and their surviving spouses to apply for a mortgage without needing to disclose their property tax obligations. This change applies to loans for a primary residence from state-chartered banks, mortgage companies, or credit unions, as long as a municipal assessor certifies the veteran's eligibility for a disabled veteran's property tax exemption. The bill also outlines procedures for preliminary tax exemption certifications to help these individuals secure mortgages.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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