Requires data brokers to delete certain data upon consumer request; establishes "Data Broker Fund."

1. **ONE-SENTENCE SUMMARY:** This bill requires data brokers in New Jersey to delete specific consumer data upon request and creates a fund to support data broker regulation. 2. **KEY REQUIREMENTS:** - Data brokers must delete consumer data when requested by the consumer. - Implement a process for consumers to submit deletion requests easily. - Maintain records of deletion requests and actions taken. 3. **DEADLINES:** - The bill will take effect 90 days after it is signed into law. - Businesses must be compliant with the deletion request process by the effective date. 4. **PENALTIES:** - Fines may be imposed for non-compliance, although specific amounts are not detailed in the summary. - Enforcement will likely be handled by state regulatory agencies. 5. **SMB IMPACT:** Small businesses that act as data brokers will need to establish processes for handling consumer deletion requests, which may require additional resources or changes to current data management practices. Compliance is essential to avoid potential fines and legal issues.