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

S 2108 (New Jersey) increases protections for homeowners and bank account holders facing debt collection. It establishes a homestead exemption for primary residences (including condos and manufactured homes) up to the county median home price (capped at $600,000 for seniors/disabled residents) or $300,000 - whichever is higher - with automatic annual inflation adjustments. The bill also creates a new $300,000 exemption for bank accounts and allows cash proceeds from selling a homestead to remain protected for 18 months. These exemptions apply automatically without requiring paperwork and cover essential household goods, but exclude cases involving fraud or intentional misconduct. The bill directly affects New Jersey residents with debt who own a primary residence or maintain qualifying bank accounts.