New Jersey legislation · 2026-2027 Regular Session
New Jersey A5427: Mortgage or property taxes-concerns senior citizens, delinquency in payment
Status: In committee, September 10, 2026
Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.
What the bill says
An Act permitting senior citizens to designate third parties to receive certain financial notices and supplementing Title 17 of the Revised Statutes and Title 40A of the New Jersey Statutes.
From the introduced text, September 10, 2026:
An Act permitting senior citizens to designate third parties to receive certain financial notices and supplementing Title 17 of the Revised Statutes and Title 40A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. As used in this section: Financial institution means a State chartered or federally chartered bank, savings bank, savings and loan association, mortgage company, or credit union; and Senior citizen means a resident of this State who 65 years of age or older. b. (1) A financial institution that holds a mortgage for a senior citizen shall permit the senior citizen to designate a third party to receive notice when the senior citizen is late on a mortgage payment. The notice may be provided by the financial institution to the designated third party by electronic mail or regular mail. (2) The designation shall be made in writing in the presence of a notary, with signatures from both parties agreeing to the designation. The designation shall be submitted to the financial institution to maintain on file with the senior citizens accounts. (3) Unless provided otherwise in the written designation, the third party shall have no authority over the senior citizens financial accounts or transactions. (4) Communications between the financial institution and the designated third party …
Sponsors
- Alex Sauickie (R, 12) · primary sponsor
- Robert D. Clifton (R, 12)
Latest actions
- : INT 1RA REF AHU
Subjects: SENIOR CITIZENS
Common questions
- What is A5427?
- A5427 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Mortgage or property taxes-concerns senior citizens, delinquency in payment.
- What does A5427 do?
- In its own words: An Act permitting senior citizens to designate third parties to receive certain financial notices and supplementing Title 17 of the Revised Statutes and Title 40A of the New Jersey Statutes.
- What is the status of A5427?
- In committee as of September 10, 2026. Latest action: INT 1RA REF AHU (September 10, 2026).
- Who sponsored A5427?
- Alex Sauickie (R, 12), with 1 co-sponsor.
- Where is the official record for A5427?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5427
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.