Limits amount of residential rental property application fee; establishes penalty.

This bill limits residential rental application fees to the actual cost of a credit check or related service, with a maximum cap of $30. Landlords cannot charge tenants more than this amount for application fees, even if the credit check costs more than $30. Violating this rule results in a $250 penalty per violation, enforceable by the state or through a tenant lawsuit seeking the penalty plus attorney fees. The law directly affects landlords and tenants in New Jersey rental housing by restricting excessive fees and providing enforcement mechanisms.