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Law / United States / New Jersey

Credit card issuers may not purchase or obtain student names or addresses from an institution of higher education

Prohibited actions for credit card issuer, N.J.S.A. 18A:3C-5(a) and 18A:3C-7 (P.L.2009, c.148, sections 5 and 7)

In force since .

A sensitive categories rule binding private bodies.

Obligation class
Prohibition

What it requires

  • If you are a credit card issuer, meaning a person who extends to a student the right to use a credit card for purchases primarily for personal, family or household use, do not purchase or otherwise obtain from an institution of higher education the names or addresses of its students (N.J.S.A. 18A:3C-5(a)).

These lines are LexLint's reading of the law's text.

If you get it wrong

Private right of actionYes

Penalty structure

Section 7 sets a civil penalty of not less than $5,000 and not more than $10,000 for each offense under the act.

Rule
Per violation only
As of
Minimum
5,000
Currency
USD
Per violation unit
Violation
Per violation amount
10,000

What this law does

Drafted with AI

Drafted with AI from the cited sources under the direction of UnGovr staff. UnGovr holds editorial responsibility for this page. How this site is made

Research summary

Legal information, not legal advice. This is LexLint's own research summary of a public legal source, and it creates no attorney-client relationship. For decisions that matter, consult qualified counsel in the relevant jurisdiction. About LexLint

A credit card issuer may not purchase or otherwise obtain from an institution of higher education the names or addresses of the students at the institution. A credit card issuer is a person who extends to a student the right to use a credit card in connection with purchases of goods or services primarily for personal, family or household use. An institution of higher education is any public or private university, college, technical college or community college located in New Jersey.

A credit card issuer that violates the act is liable in a civil action to any person for damages arising from the violation, with attorney's fees and costs of suit. The credit card issuer is also subject to a civil penalty of not less than $5,000 and not more than $10,000 for each offense. The act took effect on the 180th day following its approval on .

Counting from , the day after approval, the 180th day is , the day the prohibition first bound credit card issuers.

When LexLint raises it

When your app profile says your app is a lender or processes personal data.

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