New Jersey is holding off enforcement of a sweeping data broker law that went into effect immediately after its enactment on June 30, following outcry from businesses about its record-setting registration fees and confusion about its scope. The New Jersey Attorney Generalâs Division of Consumer Affairs wrote in an alert late Friday that businesses donât need to comply with the data broker registry or annual registration fee requirements established under the law until June 2027. Annual registration fees for covered data sellers range from $5,000 to $1.5 million, far exceeding Californiaâs $6,000 annual data broker registration fees which had been the most expensive in the country. New Jerseyâs registration requirements differ from other states in applying to both third party data brokers and businesses that directly collect and sell them data. The law, which also bans the sale of sensitive personal data, was signed by Gov. Mikie Sherrill (D) and went into effect two days after it was introduced in the state legislature. The division wrote that it understands âthere may be questions about the contours of the new lawâ and plans to issue additional guidance in the coming months âto provide the public with further clarity about the new lawâs requirements.â A spokesperson for Sherrill could not immediately be reached for comment. Learn more about Bloomberg Law or Log In to keep reading: See Breaking News in Context Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Already a subscriber? Log in to keep reading or access research tools and resources.