In New Jersey, what does the term "immediate family" encompass?

The term "immediate family" in New Jersey typically encompasses individuals related by blood or law, which includes spouses, parents, siblings, and children. This definition aligns with legal and regulatory frameworks in various contexts, including the New Jersey Residential Mortgage Lending Act. This broader interpretation ensures that all close familial relationships are acknowledged, which can impact lending practices and facilitate family-related transactions, such as obtaining a mortgage.

The other options may limit the definition of immediate family in ways that do not reflect the legal understanding. For example, limiting it to financial dependents excludes those who have close familial ties but are not financially reliant on one another. Focusing solely on nuclear family members restricts it further to a very specific subset of relationships and overlooks the importance of extended family. The criterion of only those living in the same home also misrepresents the meaning by excluding family members who may not reside together but still have significant familial connections. Thus, the correct choice captures the comprehensive nature of the term within the context required.