Introduction- New Jersey homeowners across the state are facing sudden and significant financial strain due to the immediate reserve-funding requirements outlined in State Law S3992. Many HOAs are now being forced to raise fees sharply within a very short timeframe in order to comply—placing substantial pressure on families, retirees, and residents on fixed incomes. We believe in responsible reserve management, but also in fairness, practicality, and thoughtful implementation. This petition seeks to address those concerns. --- Petition to Amend New Jersey S3992 We, the undersigned residents of New Jersey homeowners’ associations (HOAs), respectfully request that state lawmakers consider the significant financial impact created by S3992 and its requirement for HOAs to immediately comply with newly established reserve-funding thresholds. While we fully support the need for adequately funded HOA reserves to ensure long-term community safety and stability, the current implementation timeline is unrealistic. Requiring HOAs to meet these new standards in such a short period will result in substantial and sudden fee increases; placing an undue burden on families already facing economic strain. We therefore ask the Legislature to amend S3992 to provide a two-year compliance timeline. This extension would allow HOAs to update their engineering studies, adjust reserve plans responsibly, and phase in necessary increases in a manner that is fair, sustainable, and mindful of residents’ financial well-being. Our elected representatives have taken action to modify the language of S3992 through the introduction of two pieces of legislature (ASSEMBLY, No. 5016 and State S3852). We urge NJ lawmakers to support these two amendments and bring them into committee for vote and adoption.