New Jersey · 222
S 1420
Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
New Jersey Senate Bill S 1420 proposes to exempt reverse mortgage transactions from the requirement that secondary mortgage loan payments be made in equal amounts and over equal payment periods.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors + 1 cosponsors
- Bob Singer Republican lead
- Joe Lagana lead
- Gordon Johnson Democratic
Roll-call votes on this bill
| Question | Chamber | Result | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|
| Senate Floor: Third Reading - Final Passage | upper | pass | 31 | 0 | 4 | May 28, 2026 | LegiScan API LegiScan-ToS |
| Senate Commerce Committee: Reported Favorably | upper | pass | 3 | 0 | 0 | May 18, 2026 | LegiScan API LegiScan-ToS |