A 5169: Authorizes HMFA to make certain reimbursements to support pre-purchase homebuyer counseling under Foreclosure Mediation Assistance Program.
A 5169 status: Introduced — Approved P.L.2026, c.54 (updated Jul 22, 2026).
What this bill does
Overall score
Bill summary
OfficialThis bill would allow the state to pay for classes that teach people how to buy a home responsibly. These classes help first-time buyers make smart financial decisions before they sign a contract. The bill is currently being reviewed by the State Assembly.
Key analysis
Impact analysis
Environment
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Economy
Benefits
- Promotes long-term housing market stability
- Reduces future mortgage delinquency rates
Risks
- Increases utilization of the Foreclosure Counseling Fund
Society
Benefits
- Increases access to housing education
- Empowers first-time homebuyers with risk-mitigation tools
Risks
- Relies on existing agency administrative capacity
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
Success depends on the administrative capacity of the HMFA to effectively integrate new services into the existing counseling network.
The impact depends on the sufficiency of existing funds within the New Jersey Foreclosure Counseling Fund.
Where it stands
Introduced
CurrentApproved P.L.2026, c.54.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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