Bill
Bill > A4827
NJ A4827
NJ A4827Criminalizes failure to return erroneous person-to-person electronic payments following proper notification.
summary
Introduced
01/15/2019
01/15/2019
In Committee
01/28/2019
01/28/2019
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill provides that the failure to return an erroneous person-to-person electronic payment to the sender is theft. Where a person receives a person-to-person electronic payment through a payment processor that was delivered under a mistake as to the nature or amount of the transfer or the identity of the recipient, the failure to return the payment to the sender constitutes theft where the recipient was notified that the payment was erroneous. Additionally, the bill adds a definition of "payment processor" to the chapter on theft offenses.
AI Summary
This bill criminalizes the failure to return an erroneous person-to-person electronic payment to the sender following proper notification. The bill defines a "payment processor" as a person who facilitates the purchase or payment of a good or service through a clearance and settlement system, and adds that an individual who erroneously receives such a payment and does not return the funds within 30 days of notification shall be guilty of theft. Additionally, the bill amends the definition of "individual" in the existing theft offense statute.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Assembly Floor Amendment Passed (Johnson) (on 02/25/2019)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A5000/4827_R1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A5000/4827_R1.PDF |
| BillText | https://www.njleg.state.nj.us/2018/Bills/A5000/4827_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A5000/4827_I1.PDF |
Loading...