New Jersey A5354 mandates subscription service providers to delete consumer payment information within 30 days of a cancellation request.
New Jersey A5354 requires subscription service providers to delete consumer payment information and any other personal financial information within 30 days of receiving a cancellation request. This act aims to protect consumers by ensuring their financial data is removed promptly after they terminate their subscription. Violating this provision is considered an unlawful practice under the consumer fraud act, with penalties including monetary fines, cease and desist orders, punitive damages, treble damages, and costs awarded to the injured party.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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