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ASSEMBLY, No. 3189STATE OF NEW JERSEY 215th LEGISLATUREINTRODUCED JULY 30, 2012Sponsored by: Assemblyman PAUL D. MORIARTY District 4 (Camden and Gloucester)SYNOPSISDisengages stored value card Scheat
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A disengaged stored value card is a payment card that has not been used for a certain period of time and may require reactivation or replacement.
Merchants or financial institutions that issue stored value cards are required to file disengaged stored value card reports.
To fill out a disengaged stored value card, merchants or financial institutions must provide details of the inactive cards, including the card numbers, dates of last use, and any reactivation efforts.
The purpose of disengaged stored value card reports is to track unused or inactive cards and ensure compliance with regulations regarding unclaimed property.
Information to be reported on a disengaged stored value card typically includes the card numbers, values, dates of last activity, and any reactivation attempts.
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