This legislation amends New Jersey’s unclaimed property law by eliminating a provision requiring retailers to collect the names and addresses of people who purchase consumer gift cards. While intended to make it easier for the state to assert jurisdiction over cash balances on abandoned cards inactive for five years, the data collection and retention requirement was costly and burdensome for New Jersey retailers.
Signed by the Governor February 5, 2015 (P.L.2015, c.8)
Effective Date: February 5, 2015
Government Affairs
Eliminates Consumer Data Collection Requirements for Gift Cards
Published February 5, 2015 - Updated July 2, 2021
Chris Emigholz
Chief Government Affairs Officer
News
Join a Policy Committee
By joining a NJBIA Policy Committee, you are a member of a select group of members from many different businesses who share a common interest in a particular area of concern.
Member Signup
Sign In
To be part of a Policy Committee, your company must be a member of NJBIA. Already a member? Simply sign in.