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" and outlines the criteria under which rent may be considered excessive, including exceeding maximum limits set by affordable housing programs, unjustified increases, or 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 make determinations within 90 days.

Additionally, the bill establishes penalties for owners or companies found guilty of excessive or discriminatory rent setting, with fines escalating from $1,000 for the first violation to $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.