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ARTICLE · 20 AUGUST 2025

New Jersey Financial Services Legislative Update

Since 2024, New Jersey has enacted laws that address 1) the collection and reporting of medical debts, 2) mortgage payment frequency and 3) increases in realty transfer taxes for high-value properties.

United StatesFinance and Banking

Highlights

  • Since 2024, New Jersey has enacted laws that address 1) the collection and reporting of medical debts, 2) mortgage payment frequency and 3) increases in realty transfer taxes for high-value properties.
  • The laws regarding medical debts and mortgage payment frequency became effective in July 2025, and the transfer taxes legislation goes into effect on Nov. 1, 2025.
  • This Holland & Knight alert summarizes each law and what to expect as their provisions kick in.

This alert is part of Holland & Knight's Garden State Initiative, a firmwide effort to enhance coordination among attorneys, clients and professional networks with ties to New Jersey to foster greater collaboration across offices and strengthen client relationships.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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