Clarifies DCA's authority to enforce disclosure requirements for planned real estate development builders.

This bill clarifies the authority of the Commissioner of Community Affairs to enforce the "Planned Real Estate Development Full Disclosure Act" against builders of planned real estate developments. It implements a recommendation from the State Commission of Investigation's 2005 report on new-home construction in New Jersey. The bill defines terms such as "planned real estate development," "developer," "offer," "association," and "executive board," and specifies penalties for violations of the act.

Clarifies DCA's authority to enforce disclosure requirements for planned real estate development builders.

This bill clarifies the authority of the Commissioner of Community Affairs to enforce the "Planned Real Estate Development Full Disclosure Act" against builders of planned real estate developments. It implements a recommendation from the State Commission of Investigation's 2005 report on new-home construction in New Jersey. The bill defines terms such as "planned real estate development," "developer," "offer," "association," and "executive board," and specifies penalties for violations of the act.