Bill
Bill > A2068
NJ A2068
NJ A2068Prohibits person experiencing coin shortage from charging consumers higher price for cash payment.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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 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. A violation of this provision is considered an unlawful practice under the 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 bill defines "at retail" to include any in-person retail transaction, excluding telephone, mail, or internet-based transactions, and it takes effect on the first day of the seventh month following the date of enactment.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Introduced, Referred to Assembly Consumer Affairs Committee (on 01/09/2024)
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/2024/A2068 |
| BillText | https://pub.njleg.gov/Bills/2024/A2500/2068_I1.HTM |
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