SENATE STATE MANAGEMENT, INVESTMENT AND FINANCIAL INSTITUTIONS COMMITTEE

 

STATEMENT TO

 

ASSEMBLY, No. 1632

 

STATE OF NEW JERSEY

 

DATED: JUNE 6, 1996

 

      The Senate State Management, Investment and Financial Institutions Committee reports Senate Bill No. 1632.

      This bill applies to depository institutions the provisions of current law which prohibit other persons who cash a check for a consumer from recording a charge card or credit card account number on the check. Current law does not prohibit a person, as a condition for cashing a check, from requiring a customer to show a credit card or charge card and recording the type of card shown and the expiration date of the card nor does it require a person to cash a check for a consumer.