Establishes homestead and bank account exemptions for persons in debt; increases existing exemption amounts for household goods.

This bill (S 1746) proposes to increase New Jersey homeowners' protection from debt collection by expanding homestead exemptions. It allows owners to shield their primary residence (including land) from creditors, with the exemption amount set as the greater of: (1) the prior year's county median single-family home price (capped at $600,000), or (2) $300,000. The exemption doubles for homeowners aged 60+ or those with qualifying disabilities, and automatically adjusts every three years based on regional inflation. It also extends protection to cash proceeds from a home sale for 18 months and excludes fraud-related debts from the exemption. The bill directly affects homeowners facing debt collection in New Jersey, particularly seniors and disabled residents.