46:30B-105.1 Penalty for fraudulent report.
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/nj/title-46/chapter-30b/46-30b-105-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Penalty for fraudulent report. A holder who makes a fraudulent report shall pay to the administrator, in addition to interest as provided in R.S.46:30B-103, a civil penalty of $1,000 for each day the report is withheld up to a maximum of $250,000, plus 25% of the value of any property that should have been but was not reported.
L.1989, c.58, s.1; amended 2002, c.35, s.67.