2016 New Jersey Revised Statutes
Title 46 - Property
Section 46:30B-105.1 - Penalty For Fraudulent Report.

NJ Rev Stat § 46:30B-105.1 (2016) What's This?

46:30B-105.1 Penalty for fraudulent report.

46:30B-105.1. Penalty for fraudulent report. A holder who makes a fraudulent report shall pay to the administrator, in addition to interest as provided in R.S.46:30B-103, a civil penalty of $1,000 for each day the report is withheld up to a maximum of $250,000, plus 25% of the value of any property that should have been but was not reported.

L.1989, c.58, s.1; amended 2002, c.35, s.67.

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