S3992 Amendment

S3992 New Jersey: 7 Key Changes to S2760 Structural Integrity and Reserve Funding Law

s3992 reserve study amendment

S3992: Amending Legislation to New Jersey’s S2760 Structural Integrity and Reserve The New Jersey Legislative Action Committee (NJ-LAC) announced Governor Phil Murphy signed Senate Bill No. 3992 (S3992) into law on August 21, 2025. Sponsored by Senator Troy Singleton, Assemblywoman Yvonne Lopez, Assemblyman Sterley S. Stanley, and Assemblywoman Tennille R. McCoy, this legislation directly responds….

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What is a Condo Reserve Study and Who Needs One?

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A condominium reserve study, or also known as an HOA reserve study, is a comprehensive examination and evaluation of an association’s assets. Functioning as a strategic capital planning tool, it offers detailed guidance and analysis regarding the community’s assets. The primary objective of a reserve study is to assess the various components of a Homeowners….

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