New Jersey Senate Bill 1477: Requires State-chartered financial institutions to increase minimum reserve balances by five times amount of previous year's losses relating to fraud and theft.

New Jersey · 2026-2027 Regular Session

What it does

Requires State-chartered financial institutions to increase minimum reserve balances by five times amount of previous year's losses relating to fraud and theft.

Latest action

Introduced in the Senate, Referred to Senate Commerce Committee (2026-01-13)

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