Bill Text: NJ A3305 | 2024-2025 | Regular Session | Introduced
Bill Title: Requires financial institution that has foreclosed on property to remove water service lines that contain lead.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-01-09 - Introduced, Referred to Assembly Financial Institutions and Insurance Committee [A3305 Detail]
Download: New_Jersey-2024-A3305-Introduced.html
STATE OF NEW JERSEY
221st LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
Sponsored by:
Assemblyman BENJIE E. WIMBERLY
District 35 (Bergen and Passaic)
SYNOPSIS
Requires financial institution that has foreclosed on property to remove water service lines that contain lead.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning removal of lead pipes from certain foreclosed properties and supplementing P.L.1995, c.244 (C.2A:50-53 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any law to the contrary, a financial institution that knows or has reason to know that a property on which the institution has foreclosed has lead water service lines shall remove all lead water service lines, except for any lines that are owned and the responsibility of the appropriate utility service prior to selling or otherwise conveying the property.
2. This act shall take effect immediately and shall apply to all properties on which financial institutions foreclose on or after the date of enactment.
STATEMENT
This bill requires financial institutions that have foreclosed on a property to replace all lead water service lines on the property that are not owned and the responsibility of the appropriate utility service. Second to paint, the leading source of lead in young children is from contaminated water. Lead can be harmful to all age groups, but is particularly harmful to children and infants. This bill would prevent continuous exposure to lead from privately owned lead water service lines.
