Requires financial institutions to cash payroll checks under certain circumstances.

This bill (A1105) requires New Jersey financial institutions (like banks and credit unions) to cash payroll checks without fees when the person presenting the check has an account at that institution or the check is drawn on it. It directly affects employees - especially minors - who receive payroll checks but lack bank accounts, as they can now get cash without paying check-cashing fees. Key provisions mandate that institutions must comply upon presentation of the check and valid photo ID, with violations resulting in $500 fines and reimbursement for legal fees incurred by affected individuals. The law takes effect 90 days after enactment.