Senate Commerce Committee Statement — Senate Bill No. 3403 (New Jersey, June 8, 2026)

Summary

Senate Commerce Committee Statement to Senate, No. 3403 with committee amendments, dated June 8, 2026, reporting favorably and with committee amendments Senate Bill No. 3403. As amended, the bill requires sellers of real property to disclose in writing any knowledge of the seller regarding a dam located on the property. The Division of Consumer Affairs is to add certain questions about dams to the property condition disclosure statement and publish the revised statement on the division’s website. The committee amended the bill to define the term “dam” and to clarify that the bill applies to sales and exchanges of real property occurring after the 90th day following the publication of the revised statement. The statement says Senate Bill No. 3403, as amended, is identical to Assembly Bill No. 4007.

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Full text

     SENATE COMMERCE COMMITTEE

                     STATEMENT TO

                   SENATE, No. 3403
                    with committee amendments



 STATE OF NEW JERSEY
                        DATED: JUNE 8, 2026

     The Senate Commerce Committee reports favorably and with
committee amendments Senate Bill No. 3403.
     As amended, this bill requires sellers of real property to disclose in
writing any knowledge of the seller regarding a dam located on the
property. The bill requires the Division of Consumer Affairs, in
consultation with the Department of Environmental Protection, the
Department of Community Affairs, and the New Jersey Real Estate
Commission, to add certain questions to the property condition
disclosure statement to provide purchasers of property with
information concerning dams on the property being sold and publish
the revised disclosure statement on the division’s website in advance
of the promulgation or revision of any rules and regulations necessary
to implement the bill’s provisions.
     The bill also requires the division, in consultation with the
Department of Environmental Protection, to include notification in the
disclosure requirements and form distributed to sellers and purchasers
of real property that a seller or purchaser may obtain information
relating to the ownership responsibilities, removal, and hazard
classification of dams on the website maintained by the Department of
Environmental Protection and linked to on the website of the
Department of Community Affairs. The Department of Environmental
Protection’s website is to include notice that a seller or purchaser of
real property may contact the Bureau of Dam Safety to help determine
whether a dam is subject to the provisions of the “Safe Dam Act” or
regulations adopted thereto under the New Jersey Administrative
Code.
     As amended and reported by the committee, Senate Bill No. 3403
is identical to Assembly Bill No. 4007.

COMMITTEE AMENDMENTS:
   The committee amended the bill to:
   (1) define the term “dam”;
   (2) require the Division of Consumer Affairs to publish the revised
property condition disclosure statement on the division’s website in
advance of the promulgation or revision of any rules and regulations
necessary to implement the bill’s provisions;
                                   2

    (3) require the Department of Environmental Protection’s website
to include notice that a seller or purchaser of real property may contact
the Bureau of Dam Safety to help determine whether a dam is subject
to the provisions of the “Safe Dam Act” or regulations adopted under
chapter 20 of Title 7 of the New Jersey Administrative Code;
    (4) remove a provision requiring the Department of Environmental
Protection’s website to include information about dams in the State
gathered through the property condition disclosure statement; and
    (5) clarify that the bill applies to sales and exchanges of real
property occurring after the 90th day following the publication of the
revised property condition disclosure statement on the division’s
website.


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