New Jersey A2473 prohibits sellers of residential real estate from requiring buyers to disclose their down payment when presenting an offer.
New Jersey A2473 aims to protect potential buyers of residential real estate by prohibiting sellers from demanding disclosure of the down payment amount. This bill applies to properties serving as a dwelling but excludes those with more than four residential units. Sellers found in violation of this act face a civil penalty of up to $1,000, enforceable under the "Penalty Enforcement Law of 1999." The act is set to take effect 90 days after its enactment.
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