S 3102
Creates certain requirements for certain earned income access services and related provider contracts.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill establishes requirements for ‘earned income access services’ – services that deliver funds representing a consumer’s unpaid earnings to their employer – and related provider contracts. It defines key terms like ‘consumer,’ ‘earned income,’ and ‘earned income access service provider,’ and outlines specific obligations for providers, including verifying income, delivering funds before the regular payment date, and not charging excessive fees or interest. The bill also addresses licensing requirements and compliance with existing consumer protection laws.
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