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Bill > S3034
NJ S3034
NJ S3034Prohibits person experiencing coin shortage from charging consumers higher price for cash payment.
summary
Introduced
09/22/2022
09/22/2022
In Committee
09/22/2022
09/22/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill prohibits a person experiencing a coin shortage and selling or offering for sale goods or services at retail from charging a higher price to a buyer who elects to use cash as payment in order to purchase the goods or services. A violation of the bill is to be an unlawful practice under the consumer fraud act. Under that act, an unlawful practice is punishable by a monetary penalty of not more than $10,000 for a first offense and not more than $20,000 for any subsequent offense. Additionally, violations can result in cease and desist orders issued by the Attorney General, the assessment of punitive damages, and the awarding of treble damages and costs to the injured party.
AI Summary
This bill prohibits a person experiencing a coin shortage from charging a higher price to a buyer who elects to use cash as payment when purchasing goods or services at retail. A violation of this bill would be considered an unlawful practice under the New Jersey Consumer Fraud Act, which can result in monetary penalties, cease and desist orders, punitive damages, and the awarding of treble damages and costs to the injured party. The term "at retail" in the bill excludes any telephone, mail, or internet-based transactions and only applies to in-person retail transactions.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 09/22/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S3034 |
| BillText | https://pub.njleg.gov/Bills/2022/S3500/3034_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S3500/3034_I1.PDF |
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