S 2787
Requires depository institutions to provide paper account statements to elder adults.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires banks, savings banks, savings and loan associations, and credit unions in New Jersey to provide paper account statements to elder adults (individuals 65 or older). Depositories must mail these statements without charge unless the elder adult opts out. The bill also outlines penalties for non-compliance and allows the Commissioner of Banking and Insurance to create regulations to implement the law.
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