Monitor
Track proposed legislation, regulatory developments, amendments, hearings, committee activity, and other policy changes with potential industry impact.
MBA-NJ Regulatory & Legislative Committee
Stay informed. Shape the conversation.
Monitoring the legislative and regulatory issues that affect New Jersey's mortgage industry, supporting effective advocacy, and helping ensure the voice of mortgage professionals is heard.
Rich JordanCommittee Chair
Our Purpose
Monitor legislative and regulatory developments, support industry advocacy, and help ensure the voice of New Jersey mortgage professionals is heard.
What We Do
From policy developments to industry action.
The committee gives MBA-NJ members a forum to identify issues, evaluate potential impact, share industry expertise, and help guide advocacy on behalf of New Jersey mortgage professionals.
Engage
Gather member feedback and subject-matter expertise so MBA-NJ can evaluate proposed policy from the perspective of the professionals it affects.
Advocate
Support informed industry advocacy and help communicate the concerns, priorities, and practical experience of New Jersey's mortgage community.
New Bills & Actions Taken
Legislative activity we're following.
This snapshot highlights selected priority and engaged bills from the MBA-NJ First Quarter 2026 legislative report.
Q1 2026 Report
A4797
EngagedCommunity Reinvestment Review
Requires the Department of Banking and Insurance to examine and rate lending institutions regarding lending, investments, and services to low- and moderate-income consumers.
A2777 / S3938
ActiveNew Jersey Online Foreclosure Sale Act
Permits online foreclosure sales for real property. A2777 passed the Assembly 71-0-0 on March 23, 2026; committee notes continue to flag implementation questions for review.
A4106 / S3694
SupportMortgage Loan Definition
Clarifies mortgage loans to mean loans made primarily for personal, family, or household purposes. MBA-NJ agreed during its March 10 meeting to support the legislation with a slip.
S3546
MonitoringRemote Work for MLOs
Permits mortgage loan originators to work from remote locations under certain circumstances.
S4047
Member ConcernsSource of Lawful Income
Concerns housing discrimination based on source of lawful income. The Q1 report notes member concerns and suggests considering an exemption for entities subject to ECOA and Regulation B.
S3379 / A4096
ReviewData Center Reporting
Requires data center owners and operators to submit semi-annual water and energy usage reports. The report flags the bill's broad definition for review to determine possible industry applicability.
Q1 2026 Advocacy Snapshot
Tracking is only the first step.
The committee's role is to help MBA-NJ determine where the industry should support, oppose, comment, seek amendments, or continue monitoring based on member input and the potential impact on mortgage professionals and consumers.
01
Support where appropriate
A4106/S3694 was identified for MBA-NJ support with a slip following the March 10, 2026 monthly meeting.
02
Review complex proposals
Measures involving online foreclosure sales, institutional ownership, data reporting, and housing policy were flagged for additional review and member feedback.
03
Raise practical industry concerns
Committee notes identify areas where statutory language may create operational, compliance, or litigation concerns and where clarification or amendments may be warranted.
04
Keep members informed
Newly introduced and recently acted-on bills are tracked so members can identify matters that deserve elevation to the committee's active-review list.
Get Involved
Your experience helps shape our advocacy.
MBA-NJ members are encouraged to share feedback on pending legislation, identify issues affecting their businesses, and participate in association programs where policy and industry priorities are discussed.
Legislative information notice: Bill descriptions and statuses on this page are provided for member information and may change as legislation moves through the process. Consult official legislative and regulatory sources for the latest text and status.