SENATE COMMUNITY AND URBAN AFFAIRS COMMITTEE
STATEMENT TO
SENATE, No. 564
with committee amendments
STATE OF NEW JERSEY
DATED: JUNE 2, 2022
The Senate Community and Urban Affairs Committee reports
favorably and with committee amendments Senate Bill No. 564.
As amended, this bill would require a limited liability company or
foreign limited liability company that is the grantee of a deed for
residential real property containing one to two dwelling units to
disclose the registered agent of the company when it files a deed for
recording. If the registered agent is not a member of the company, an
affidavit identifying at least one member of the company shall be
appended to the deed.
Under this circumstance, the bill requires a company to submit for
recording, together with the deed, an affidavit identifying the name
and business address of the registered agent for service of process of
the limited liability company.
This bill was pre-filed for introduction in the 2022-2023 session
pending technical review. As reported, the bill includes the changes
required by technical review, which has been performed.
COMMITTEE AMENDMENTS:
The committee amended the bill to:
Extend the provisions of the bill to a limited liability company
or foreign limited liability company that is a grantee of a deed
for residential real property containing a multiple dwelling; and
Permit a municipality to direct by ordinance of the governing
body that charges issued to certain limited liability companies
or foreign limited liability companies pursuant to a housing
code, building code, or health code will become a lien on the
property if the charge remains unpaid on the first day of the
thirteenth month next following the date when the charge
becomes due and owing.