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Bill > A1105
NJ A1105
NJ A1105Requires financial institutions to cash payroll checks under certain circumstances.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides that, notwithstanding any other law to the contrary, a financial institution shall, upon the request of a person, including a minor, who presents a payroll check and who provides photographic identification indicating that he or she is the payee on that payroll check, cash the check without charging any fee for that service, as long as the person has an account with that financial institution or the check is drawn on that institution. A financial institution that violates a provision of this bill shall: (1) be subject to a fine of not more than $500 for each violation which shall be collected by the Commissioner of Banking and Insurance in a summary manner pursuant to the "Penalty Enforcement Law of 1999," P.L.1999, c.274 (C.2A:58-10 et seq.); and (2) reimburse the person for any attorney's fees incurred by the person with respect to any legal services necessary to enforce the person's rights under the bill or to bring a civil action to recover damages caused by the financial institution's failure to comply with the provisions of the bill.
AI Summary
This bill requires financial institutions, such as banks and credit unions, to cash payroll checks for individuals, including minors, who present valid photo identification showing they are the payee, provided the person has an account at that institution or the check is drawn on it, and mandates that no fee be charged for this service. A financial institution that fails to comply faces a fine of up to $500 per violation and must cover any attorney fees the individual incurs to enforce their rights or recover damages.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1105 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1105_I1.HTM |
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