Bill > A09728

This bill requires transmitters of money, such as wire transfers or electronic fund transfers, to provide a clear and prominent warning to consumers about the dangers of falling victim to certain types of consumer fraud, including lottery scams, credit card guarantees or loans, and internet or phone offers from unknown or unverifiable persons. The warning must include information to alert the consumer about these fraud risks, as well as instructions on how to ask questions and stop the transfer if necessary. The bill provides for civil penalties for violations of these requirements.