New Jersey § 2a:50-82

§ 2a:50-82.

a. There is established in the General Fund a separate, non-lapsing, dedicated account

administered by the Department of Community Affairs to be known as the “New Jersey

Foreclosure Counseling Fund.” b. The funds within the New Jersey Foreclosure Counseling Fund shall be paid to the

New Jersey Housing and Mortgage Finance Agency no later than the 15th day of each

quarter to reimburse trained foreclosure prevention and default mitigation counselors

for costs expended thereby in: (1) providing pre-foreclosure counseling services in accordance with guidance established by the

New Jersey Housing and Mortgage Finance Agency and for the agency's services required

under P.L.2019, c. 64 ( C.2A:50-74 et seq. ) ; and (2) providing, to homeowners and renters who have been impacted by real property damage

to, or destruction on, their primary residence, as a result of an event that prompted

the Governor or the President of the United States to declare a state of emergency

or issue an emergency disaster declaration, assistance in the preparation and submission

of applications for housing related expenses, including, but not limited to: (a) rental

payments; (b) mortgage payments; (c) insurance payments; (d) property tax payments;

and (e) repair, rehabilitation, or relocation assistance payments that have been made

available, by the State or federal government, in response to the declared emergency

or disaster . c. The New Jersey Housing and Mortgage Finance Agency may assess up to five percent

of New Jersey Foreclosure Counseling Fund's annual allocation amounts for administrative

costs. d. For purposes of this section, “trained foreclosure prevention and default mitigation

counselors” shall have the same definition as in section 2 of the “New Jersey Foreclosure

Mediation Act,” P.L.2019, c. 64 ( C.2A:50-75 ).