AN ACT CONCERNING MINORS' MONEY SHARING APPLICATION ACCOUNTS.

This bill requires money sharing app providers (like Venmo or Zelle) to verify parental or legal guardian status before allowing minors under 18 to open accounts. Providers must delete a minor’s account and stop processing their data within 15 business days of a request from the minor or their parent/guardian, with a possible 15-day extension for complex cases. It also mandates secure request systems for account deletion and requires providers to share transaction details upon request. Violations are treated as unfair trade practices enforced solely by the Attorney General, with no new state or municipal costs.