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Bill > A4551
NJ A4551
NJ A4551Prohibits person experiencing coin shortage from charging consumers higher price for cash payment.
summary
Introduced
09/22/2022
09/22/2022
In Committee
10/13/2022
10/13/2022
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 to purchase goods or services at retail. A violation of this provision is considered an unlawful practice under the New Jersey Consumer Fraud Act, which carries penalties of up to $10,000 for a first offense and $20,000 for subsequent offenses. The bill also allows for cease and desist orders, punitive damages, and the awarding of treble damages and costs to the injured party. The bill specifies that "at retail" includes in-person transactions but excludes telephone, mail, or internet-based transactions, and it will take effect on the first day of the seventh month following the date of enactment.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Reported and Referred to Assembly Commerce and Economic Development Committee (on 10/13/2022)
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/A4551 |
| Analysis - Statement ACO 10/13/22 | https://pub.njleg.gov/Bills/2022/A5000/4551_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4551_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4551_I1.PDF |
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