New Jersey S68 requires financial institutions to cash payroll checks without fees under certain conditions.
New Jersey S68 mandates that financial institutions cash payroll checks without charging a fee if the payee, including minors, presents the check and valid identification, and either has an account with the institution or the check is drawn on it. Violating institutions face fines up to $500 per violation and must reimburse the payee's attorney fees for any legal action taken to enforce the law.
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- Critical Issues
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