Bill
Bill > A3411
NJ A3411
NJ A3411Criminalizes failure to return erroneous person-to-person electronic payments following proper notification.
summary
Introduced
02/25/2020
02/25/2020
In Committee
10/08/2020
10/08/2020
Crossed Over
09/24/2020
09/24/2020
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides that the failure to return an erroneous electronic payment between individuals to the sender is theft. Where an individual receives an electronic payment from another individual 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 electronic payment received between individuals through a payment processor, if the recipient was properly notified that the payment was made in error. The bill also adds a definition of "payment processor" to the chapter on theft offenses, which refers to a person who facilitates the purchase or payment of goods or services, other than money transmission itself, through a clearance and settlement system and has an agreement with the seller or creditor.
Committee Categories
Business and Industry
Sponsors (8)
Clinton Calabrese (D)*,
John McKeon (D)*,
Carol Murphy (D)*,
Mila Jasey (D),
Angelica Jimenez (D),
Pedro Mejia (D),
Lisa Swain (D),
Chris Tully (D),
Last Action
Received in the Senate, Referred to Senate Commerce Committee (on 10/08/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A3500/3411_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A3500/3411_I1.PDF |
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