The New Jersey Servicemembers Civil Relief Act is designed to enhance the legal protections and rights of individuals serving in the Armed Forces and the New Jersey National Guard. This bill repeals the New Jersey Soldiers and Sailors Civil Relief Act of 1979 and introduces new provisions that align with federal law, including mandatory stays of civil proceedings when a servicemember's ability to represent themselves is compromised due to military service. It also provides protections against default judgments, relief from contracts that cannot be fulfilled due to military obligations, and establishes a maximum interest rate on debts incurred prior to military service. Furthermore, the bill ensures protections against eviction and foreclosure, and mandates employment reinstatement for servicemembers returning from active duty.

In addition to these protections, the bill allows servicemembers to modify or terminate contracts, such as leases and cellular service agreements, without penalties, provided they meet specific conditions related to their military orders. It also invalidates any repossession, foreclosure, or sale of property during active duty unless approved by a court, and outlines penalties for violations of these provisions. The legislation emphasizes the importance of notifying servicemembers and their dependents about their rights and protections, and it allows for civil actions to be initiated by the Attorney General or affected individuals. Overall, the Act aims to provide comprehensive support for servicemembers, ensuring their rights are upheld during and after their military service.