New Jersey S4743 mandates housing authorities to provide tenants with an online electronic funds transfer option for rent payments.
New Jersey S4743 requires housing authorities to offer tenants the option to pay rent through online electronic funds transfer, in addition to any other payment methods. This applies to payments made under a residential lease, renewal, or extension agreement. Landlords violating this provision face penalties. The act amends existing laws to include this new payment option and takes effect three months after enactment.
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