Revises "New Jersey Money Transmitters Act"; provides consumer protections; increases reporting and record keeping requirements.

This bill revises New Jersey's Money Transmitters Act to strengthen consumer protections and increase regulatory oversight for money transmission businesses. It requires licensees to maintain records for five years (up from three), file quarterly reports (in addition to annual reports), and prominently display licenses at business locations. The bill also increases penalties for non-compliance to $200 per day and raises the crime level for operating without a license from a third to second degree offense. Additionally, it mandates that licensees provide FinCEN registration details annually, requires authorized delegates to display clear identification notices, and expands public access to licensee and delegate information through a department website. The changes directly affect money transmitters and their authorized delegates operating in New Jersey.