New Jersey 222nd Legislature Status: Introduced 1 D cosponsors

S 3694 — Clarifies mortgage loans to mean loans made primarily for personal, family, or household purposes.

Last action — REF SBA

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed General Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced February 24, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 28% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill clarifies the definition of mortgage loans for personal use.

This bill amends the definition of mortgage loans to specify they are primarily for personal, family, or household purposes. It also aims to protect these loans from prepayment penalties and offers flexibility for commercial loans.

What this means for you
  • Consumers: This means consumers can expect clearer definitions in mortgage loans focused on personal use.

Summary

Mortgage loans-clarifies, loan primarily for personal/family/household purposes

Bill Text

  • Introduced View text Current html February 25, 2026

How this bill changes current law

1 change Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 1 section(s) of the New Jersey statutes: N.J.S.A. 46:10B-1.

  • N.J.S.A. 46:10B-1

    made primarily for personal, family, or household purposes

    amended

Action History

  1. REF SBA

  2. REP 2RS

  3. INT 1RS REF SCM

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 119 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (119)

119 members have not signed on to this bill.

Show all 119 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 3694 do?
Mortgage loans-clarifies, loan primarily for personal/family/household purposes
Who sponsors S 3694?
S 3694 is sponsored by Lagana, Joseph A. (Democrat).
What is the current status of S 3694?
This bill has been introduced in the Senate. Introduced February 24, 2026. It must pass committee before a floor vote.
Where can I track S 3694?
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Last checked for changes 2 days ago · updated continuously

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