Bill
Bill > A3169
NJ A3169
Criminalizes failure to return erroneous person-to-person electronic payments following proper notification.
summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 between individuals to the sender, following proper notification. The bill defines a "payment processor" as a person who facilitates the purchase of goods or services or the payment of bills, and provides their services pursuant to an agreement with the seller or creditor. If an individual receives an electronic payment from another individual through a payment processor that was delivered due to a mistake, and the recipient is notified that the payment was erroneous, the failure to return the funds to the sender within 30 days constitutes theft.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 03/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A3169 |
BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3169_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3169_I1.PDF |
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