A 4279·NJ·house
Establishes homestead and bank account exemptions for persons in debt.
In CommitteeFiled Feb 19, 2026
Sponsor: Hutchison, Dan
Latest Action
Introduced First Reading Assembly Referred to AFI
Feb 19, 2026
Summary
The bill lets owners protect their primary residence and up to $3,500 in cash or bank accounts from creditors, including in bankruptcy. It defines what qualifies as a homestead, makes the exemption automatic, and sets rules for garnishment and abandonment. The measure aims to give debtors a basic safety net while limiting protections for fraudulent activity.
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