Criminalizes failure to return erroneous person-to-person electronic payments following proper notification.

This bill (S 1125) makes it a crime for individuals to keep a payment sent to them by mistake through person-to-person payment apps (like Venmo or Zelle) after being formally asked to return it. It directly affects people who accidentally receive funds via these digital platforms and refuse to return them upon notification. The key provision amends New Jersey’s theft laws to require the return of such erroneous payments within a reasonable time after being notified, criminalizing the failure to do so. It does not apply to business transactions or payments made for goods/services. The bill focuses on correcting accidental transfers, not intentional fraud.