---
type: "Bill"
title: "Concerns regulation of guaranteed asset protection waivers by DOBI.**"
description: "Concerns regulation of guaranteed asset protection waivers by DOBI.**"
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "217"
identifier: "A 3601"
citation: "New Jersey A 3601 (217)"
classification: ["bill"]
subjects: ["BANKING"]
status: "enacted"
primary_sponsors: ["Gill, Nia H.", "Schaer, Gary S.", "Vitale, Joseph F."]
version_count: 2
action_count: 11
vote_count: 4
first_action: "2016-04-07T04:00:00+00:00"
last_action: "2017-05-11T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/c392107b-5ccd-4d5c-9055-6999035daeb7"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "b72a6e333ba88687f63082b2ddddf066547814162f774709b03d50ad3b77d99d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey A 3601 (217) — Concerns regulation of guaranteed asset protection waivers by DOBI.**

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2016/Bills/A4000/3601_I1.HTM)
2. **Reprint** (committee substitute) — [source](http://www.njleg.state.nj.us/2016/Bills/A4000/3601_R1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **78–0** (pass) · legislature
- Reported favorably out of committee — **6–0** (pass) · legislature
- Reported out of Assembly committee with amendments — **12–0** (pass) · legislature
- Reported favorably out of committee — **13–0** (pass) · legislature

## Sponsors

- Gill, Nia H. — primary (person)
- Schaer, Gary S. — primary (person)
- Vitale, Joseph F. — primary (person)
- Stack, Brian P. — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2016-04-07T04:00:00+00:00** Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee `introduction, referral-committee`
- **2016-05-12T04:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
- **2016-06-16T04:00:00+00:00** Assembly Floor Amendment Passed (Johnson) `amendment-passage`
- **2016-06-27T04:00:00+00:00** Passed Assembly (78-0-0) `passage`
- **2016-06-30T04:00:00+00:00** Received in the Senate, Referred to Senate Commerce Committee `referral-committee`
- **2016-09-08T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2016-09-08T04:00:00+00:00** Referred to Senate Budget and Appropriations Committee `referral-committee`
- **2016-11-03T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2017-02-13T05:00:00+00:00** Substituted for S2209 (1R)
- **2017-02-13T05:00:00+00:00** Passed Senate (Passed Both Houses) (38-0) `passage`
- **2017-05-11T04:00:00+00:00** Approved P.L.2017, c.82. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c392107b-5ccd-4d5c-9055-6999035daeb7`. Confidence: reported (aggregated from official New Jersey legislature records).