New Jersey legislation · 2026-2027 Regular Session
New Jersey A5664: Buy Now Pay Later Act-regulate buy now pay later lenders
Status: In committee, October 19, 2026
"Buy Now Pay Later Act"; regulates buy now pay later lenders.
What the bill says
An Act concerning buy now pay later lenders and supplementing Title 17 of the Revised Statutes.
From the introduced text, October 19, 2026:
An Act concerning buy now pay later lenders and supplementing Title 17 of the Revised Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. As used in this act: Authorized buy now pay later lender means a buy now pay later lender authorized by the commissioner pursuant to section 2 of this act. Commissioner means the Commissioner of Banking and Insurance. Consumer means an individual who is a resident of this State. Buy now pay later loan means closed-end credit provided to a consumer in connection with the consumer's particular purchase of goods or services, other than a motor vehicle as defined pursuant to section 1 of P.L.1955, c.25 (C.39:1-1). A buy now pay later loan does not include credit where the creditor is the seller of the goods or services, unless it is credit pursuant to an agreement whereby, at a consumer's request, the creditor purchases a specific good or service from a seller and resells the specific good or service to the consumer on closed-end credit. Buy now pay later loan shall include the following categories of buy now pay later loans: (1) a buy now pay later zero-interest loans that is payable in one or more installments without any interest or finance charge; (2) a buy now pay later …
Sponsors
- Chigozie U. Onyema (D, 28) · primary sponsor
- William B. Sampson, IV (D, 31) · primary sponsor
- Michael Venezia (D, 34) · primary sponsor
Latest actions
- : INT 1RA REF ACO
Subjects: CONSUMER AFFAIRS
Common questions
- What is A5664?
- A5664 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Buy Now Pay Later Act-regulate buy now pay later lenders.
- What does A5664 do?
- In its own words: An Act concerning buy now pay later lenders and supplementing Title 17 of the Revised Statutes.
- What is the status of A5664?
- In committee as of October 19, 2026. Latest action: INT 1RA REF ACO (October 19, 2026).
- Who sponsored A5664?
- Chigozie U. Onyema (D, 28), with 2 co-sponsors.
- Where is the official record for A5664?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5664
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.