September 2025

For that reason, New Jersey legis lators must strongly consider carving association maintenance fees and assessments out of both the new home stead exemption and the enlarged personal-property exemption. These charges are already secured by a statutory lien on the unit; exempting them would prevent the proposed law from shifting a debtor’s obligation onto everyone else in the community without undercutting the bill’s broader consumer-protection goals. The Bills Current Status. A-3538 was introduced and referred to the Assembly Financial Institutions and Insurance Committee on February 5, 2024. While movement has been slow since then, because of the bill’s potential implications, it is one to watch. n

We’ve Got Your Community Covered Insurance and Risk Management Solutions for CAI Members USI’s Community Association Specialists combine proprietary analytics, broad experience and national resources to custom-fit an insurance and risk management plan that meets your needs. For decades, our team has provided the solutions and services that CAI members count on to protect their communities. We’d like to do the same for you.

Cheryl Rhine, CIC, CIRMS, EBP 732.616.4319 Debbie Pasquariello, CIC, CIRMS, EBP 732.207.4818

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