IN RE PETITION OF BOFI FEDERAL BANK TO ASSIGN LOTTERY PRIZE PAYMENT RIGHTS OF MICHELLE A. GLOVER PURSUANT TO N.J.S.A. 5:9-13
A-1694-12T3/A-1695-12T3/A-2494-12T3/A-2689-12T3 (CONSOLIDATED)
The court affirms the Law Division's determination that N.J.A.C. 17:20-7.9(j), which states "no one shall have the right to assign prize payments due during the last two years of the annuity term," is in accord with N.J.S.A. 5:9-13 prohibiting assignment of a lottery winner's last two annual prize payments.
