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Read. Follow. Verify.New Jersey Bill A433 Requires Lenders to Notify HMFA of Foreclosure Notices to Expand Access to Counseling
Last action · January 13, 2026: Introduced, Referred to Assembly Housing CommitteeSponsors: Venezia, Michael and 1 other
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What This Bill Would Do
Mortgage lenders in New Jersey must notify the New Jersey Housing and Mortgage Finance Agency within one business day of issuing a , triggering mandatory outreach by a counselor to offer housing counseling regardless of whether the homeowner enters mediation.
Homeowners facing foreclosure receive direct, proactive outreach from state-funded counselors immediately after a default notice is filed, widening access to financial guidance outside of the mandatory court mediation process.
- The New Jersey General Assembly is the lower house of the New Jersey Legislature. context
- The Foreclosure Mediation Assistance Program is administered by the New Jersey Housing and Mortgage Finance Agency to provide default mitigation counselors. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
residential mortgage debtors
Homeowners facing foreclosure will receive prompt, direct contact from default mitigation counselors offering assistance regardless of their participation in mediation.
residential mortgage lenders
Lenders must notify the New Jersey Housing and Mortgage Finance Agency within one business day following the provision of a notice of intention to foreclose.
New Jersey Housing and Mortgage Finance Agency
The agency must receive lender notifications and ensure that default mitigation counselors promptly contact homeowner-borrowers.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Do I have to participate in foreclosure mediation to receive counseling under this bill?
When must a lender notify the state about a foreclosure notice?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
1 action- Jan 13, 2026HouseIntroducedIntroduced, Referred to Assembly Housing Committee
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
njleg.state.nj.us
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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