This bill mandates the Division of Consumer Affairs to investigate complaints regarding excessive or discriminatory rent charges on low- or moderate-income rental housing units. It defines "excessive rent" based on criteria such as exceeding maximum allowable rents under various housing programs, unjustified rent increases, and inconsistencies with approved rent schedules. The bill allows low- or moderate-income tenants and municipal housing officials to report such allegations, requiring the Director of the Division of Consumer Affairs to investigate these complaints within 30 days and aim to make a determination within 90 days.

Additionally, the bill establishes penalties for owners or companies found guilty of excessive or discriminatory rent setting, including fines of $1,000 for the first violation, $2,500 for the second, and $5,000 for subsequent violations, along with restitution to affected tenants. It also prohibits retaliation against tenants for filing complaints and requires the Director to submit an annual report detailing complaints, investigations, and recommendations. Furthermore, the Director is tasked with adopting necessary rules and regulations to implement the bill, including standards for identifying excessive rent and procedures for filing complaints.