BROWN BILL GIVING MORTGAGE AND PROPERTY TAX RELIEF TO ACTIVE DUTY SERVICE MEMBERS GOES TO GOVERNOR’S DESK

-

>WASHINGTON, D.C. – (RealEstateRama) — Legislation sponsored by Assemblyman Chris A. Brown, to ease the financial burden on New Jersey’s citizen soldiers on federal active duty, today earned approval from the General Assembly. The bill (A766) allows members of the National Guard and the United States Reserve to defer mortgage and property tax payments while on active duty.

Chris A. Brown
Chris A. Brown

“Our military men and women, in active defense of our country, shouldn’t have to worry about being late with a mortgage payment, or missing a tax bill,” said Brown (R—Atlantic), an Army veteran of Desert Shield/Storm. “While they are away, their priorities should be the mission, the safety of themselves and their colleagues, and the defense of the United States.”

Under the bill, the deferment remains in effect for 60 days beyond the termination of active duty status. The mortgage deferment extends the length of the loan by the number of months on active duty, plus 60 days.

The legislation, approved by the Senate in February, now goes to the governor for consideration.

SHARE
Avatar

New Jersey RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for New Jersey Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of New Jersey.

Contact:

Previous articleDANCER LEGISLATION MODERNIZES NJ’S SENIOR FREEZE PROGRAM, PROVIDING IMMEDIATE RELIEF BEFORE TAX BILL IS MAILED
Next articleCivil Rights Icon, Congressman John Lewis Visits Camden for Important Community Events with Rep. Donald Norcross