Requires depository institutions to provide paper account statements to elder adults.

This bill requires New Jersey banks, credit unions, and other depository institutions to mail paper account statements to customers aged 65 or older at no cost, unless the customer chooses to opt out. It defines "elder adult" as 65+, "periodic account statement" as a regular summary of account activity (e.g., monthly or quarterly), and "periodic cycle" as a timeframe no longer than a quarter. Institutions that fail to comply may face fines up to $500 per violation, enforced by the Commissioner of Banking and Insurance. The law directly affects over 65s who hold accounts with these institutions, ensuring they receive physical statements by default.