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

This bill limits residential landlords in New Jersey from charging application fees exceeding the actual cost of a credit check or related service, with a maximum cap of $30. Landlords violating this rule face a $250 penalty, enforceable by the state (via the Commissioner of Community Affairs or Attorney General) or by tenants suing in court for the same penalty plus attorney fees. Tenants can independently pursue claims for overcharges, while landlords cannot charge more than the verified service cost or $30, whichever is lower. The law takes effect four months after enactment.