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Can you summarize NJST 56:8-153?
Definitions relative to unsolicited credit cards, checks.
Short Summary
This document, part of the New Jersey General and Permanent Statutes, defines key terms related to unsolicited credit cards and checks. It states that a ‘check’ refers to a demand draft drawn on or payable through a US depository institution, while a ‘credit card’ encompasses various credit devices. An ‘unsolicited check’ is defined as a check sent to a person to draw on an existing credit account or activate a new account, excluding certain circumstances. Similarly, an ‘unsolicited credit card’ refers to a credit card sent to a person, with exceptions. This document does not specify any penalties. It provides essential definitions for the regulation of unsolicited credit cards and checks in New Jersey.
Whom does it apply to?
Any person who receives unsolicited credit cards or checks
What does it govern?
Unsolicited credit cards, checks
What are exemptions?
1) in response to a request or application for a credit card or check, 2) as a renewal or substitute for a credit card or check previously issued to the person
What are the Penalties?
No specific penalties mentioned in this document
Jurisdiction
New Jersey