New Jersey A1735 regulates earned income access services, requiring licenses and setting provider standards.
New Jersey A1735 establishes licensing requirements for earned income access services, ensuring providers meet specific criteria. The bill mandates that providers offer services through contractual arrangements with obligors or with consumer consent. It prohibits providers from relying on credit reports, sharing consumer information without consent, or charging fees exceeding set caps. Earned income access services that do not comply with the bill's provisions are considered loans, subject to usury laws.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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