Requires financial institutions to cash payroll checks under certain circumstances.

Summary

The bill mandates that any financial institution in New Jersey must cash a payroll check without charging a fee if the payee presents photographic ID and either has an account there or the check is drawn on that institution. It applies to all payees, including minors. Violations would be fined up to $500 per incident and the institution would have to cover the payee’s attorney fees.

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