---
type: "Bill"
title: "Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*"
description: "Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*"
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "221"
identifier: "S 3525"
citation: "New Jersey S 3525 (221)"
classification: ["bill"]
subjects: ["HOUSING FIN"]
status: "enacted"
primary_sponsors: ["Danielsen, Joe", "McCoy, Tennille R.", "McKnight, Angela V.", "Pou, Nellie", "Speight, Shanique"]
version_count: 3
action_count: 11
vote_count: 5
first_action: "2024-06-28T04:00:00+00:00"
last_action: "2025-05-09T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/3f5ead5c-314d-4458-b6cd-f072a4a33f75"
source_url: "https://pub.njleg.state.nj.us/leg-databases/"
source_hash: "5b969a4b98006f58b277a511776474db53e71f336012809e66cfbf49270ba05b"
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 S 3525 (221) — Requires financial institutions to allow mortgagors to make biweekly and semi-monthly payments and payments to mortgage principal.*

## Version chain

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

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/S4000/3525_I1.HTM)
2. **Reprint AFI 12/9/24 2R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/S4000/3525_R2.HTM)
3. **Reprint SCU 9/30/24 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/S4000/3525_R1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **39–0** (pass) · upper
- 3RDG FINAL PASSAGE — **72–1** (pass) · lower
- CONCUR ASMB AMEND — **39–0** (pass) · upper
- Reported out of Senate committee with amendments — **5–0** (pass) · upper
- Reported out of Assembly committee with amendments — **12–0** (pass) · lower

## Sponsors

- Danielsen, Joe — primary (person)
- McCoy, Tennille R. — primary (person)
- McKnight, Angela V. — primary (person)
- Pou, Nellie — primary (person)
- Speight, Shanique — primary (person)
- Atkins, Reginald W. — cosponsor (person)
- Carter, Linda S. — cosponsor (person)
- DeAngelo, Wayne P. — cosponsor (person)
- Drulis, Mitchelle — cosponsor (person)
- Egan, Kevin P. — cosponsor (person)
- Marenco, Julio — cosponsor (person)
- McCann Stamato, Barbara — cosponsor (person)
- Morales, Carmen Theresa — cosponsor (person)
- Ramirez, Jessica — cosponsor (person)
- Reynolds-Jackson, Verlina — cosponsor (person)
- Rodriguez, Gabriel — cosponsor (person)
- Ruiz, M. Teresa — cosponsor (person)
- Timberlake, Britnee N. — cosponsor (person)
- Venezia, Michael — cosponsor (person)
- Wimberly, Benjie E. — cosponsor (person)

## Timeline

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

- **2024-06-28T04:00:00+00:00** Introduced in the Senate, Referred to Senate Commerce Committee `introduction, referral-committee`
- **2024-09-12T04:00:00+00:00** Transferred to Senate Community and Urban Affairs Committee `referral-committee`
- **2024-09-30T04:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2024-10-28T04:00:00+00:00** Passed Senate (39-0) `passage`
- **2024-10-28T04:00:00+00:00** Received in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee `referral-committee`
- **2024-12-09T05:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
- **2024-12-19T05:00:00+00:00** Substituted for A4893 (1R)
- **2024-12-19T05:00:00+00:00** Passed Assembly (72-1-0) `passage`
- **2025-01-14T05:00:00+00:00** Received in the Senate, 2nd Reading on Concurrence
- **2025-03-24T04:00:00+00:00** Passed Senate (Passed Both Houses) (39-0) `passage`
- **2025-05-09T04:00:00+00:00** Approved P.L.2025, c.56. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3f5ead5c-314d-4458-b6cd-f072a4a33f75`. Confidence: reported (aggregated from official New Jersey legislature records).