New Jersey legislation · 2026-2027 Regular Session
New Jersey A4106: Mortgage loans-clarifies, loan primarily for personal/family/household purposes
Status: Passed one chamber, October 5, 2026
Clarifies mortgage loans to mean loans made primarily for personal, family, or household purposes.
What the bill says
An Act concerning mortgage loans and amending P.L.1968, c.54.
From the introduced text, February 19, 2026:
An Act concerning mortgage loans and amending P.L.1968, c.54. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 1 of P.L.1968, c.54 (C.46:10B-1) is amended to read as follows: As used in this act: (a) "Mortgage loan" means a loan [ADDED: made primarily for personal, family, or household purposes] secured by an interest in real property consisting of land upon which is erected or to be erected, in whole or in part with the proceeds of such loan, a structure containing one, two, three, four, five or six dwelling units, a portion of which structure may be used for nonresidential purposes and upon which interest is taken or contracted for at a rate in excess of $6.00 for the forbearance of $100.00 for a year; (b) "Mortgagor" includes any person other than a corporation liable for the payment of a mortgage loan, and the owner of the real property which secures the payment of a mortgage loan; (c) "Prepayment" of a mortgage loan means the payment in full of the balance owing on a mortgage loan at any time prior to the time limited for the final payment of such loan in an instrument evidencing such loan. (cf: P.L.1979, c.85, s.2) 2. This act shall take effect immediately and shall apply to …
Sponsors
- Roy Freiman (D, 16) · primary sponsor
- Alexander Schnall (D, 30) · primary sponsor
- William B. Sampson, IV (D, 31)
- Tennille R. McCoy (D, 14)
- Larry Wainstein (D, 33)
Latest actions
- : REF SBA
- : REP 2RS
- : R/S REF SCM
- : PA (77-2-0)
- : REP 2RA
- : INT 1RA REF AFI
Votes
- Senate Commerce Committee: Reported favorably (October 5, 2026): 4 yea, 0 nay, passed
- 3RDG FINAL PASSAGE - Mortgage loans-clarifies, loan primarily for personal/family/household purposes (June 11, 2026): 77 yea, 2 nay, passed
- Assembly Financial Institutions and Insurance Committee: Reported favorably (March 19, 2026): 14 yea, 0 nay, passed
Subjects: COMMERCE
Common questions
- What is A4106?
- A4106 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Mortgage loans-clarifies, loan primarily for personal/family/household purposes.
- What does A4106 do?
- In its own words: An Act concerning mortgage loans and amending P.L.1968, c.54.
- What is the status of A4106?
- Passed one chamber as of October 5, 2026. Latest action: REF SBA (October 5, 2026).
- Who sponsored A4106?
- Roy Freiman (D, 16), with 4 co-sponsors.
- Where is the official record for A4106?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A4106
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.