New Jersey S3226 regulates institutional investor activities related to single-family home ownership, including purchase and lease restrictions, and.

New Jersey S3226 regulates institutional investor activities related to single-family home ownership. It prohibits institutional investors from contacting homeowners or their agents, placing bids, or purchasing single-family homes during the first 75 days they are on the market. Violators must alienate the homes within six months and pay penalties and profits to the Attorney General. The bill also prohibits leasing these homes for five years post-acquisition. Exemptions apply to certain nonprofit organizations, small investors, financial institutions, governmental authorities, and others.

New Jersey S3226 regulates institutional investor activities related to single-family home ownership, including purchase and lease restrictions, and.

New Jersey S3226 regulates institutional investor activities related to single-family home ownership. It prohibits institutional investors from contacting homeowners or their agents, placing bids, or purchasing single-family homes during the first 75 days they are on the market. Violators must alienate the homes within six months and pay penalties and profits to the Attorney General. The bill also prohibits leasing these homes for five years post-acquisition. Exemptions apply to certain nonprofit organizations, small investors, financial institutions, governmental authorities, and others.