Bill
Bill > A2418
NJ A2418
Requires disclosure of usual and customary price for merchandise offered in certain advertisements.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires businesses to disclose the usual and customary price for merchandise that is advertised as part of a "Buy One, Get One Free" or similar offer. Current law does not require that a business disclose the usual and customary price of merchandise advertised as part of a bargain offer. This bill is meant to discourage businesses from artificially inflating the sale price of merchandise offered as part of a "Buy One, Get One Free" or similar sale. A violation of the bill's provisions is an unlawful practice under the consumer fraud act, P.L.1960, c.39 (C.56:8-1 et seq.). 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. In addition, a violation 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.
AI Summary
This bill requires businesses to disclose the usual and customary price for merchandise that is advertised as part of a "Buy One, Get One Free" or similar offer. Current law does not mandate such disclosure, and this bill aims to discourage businesses from artificially inflating the sale price of merchandise offered as part of a bargain deal. A violation of the bill's provisions is considered an unlawful practice under the consumer fraud act, punishable by monetary penalties, cease and desist orders, and the possibility of treble damages and costs to the injured party.
Committee Categories
Business and Industry
Sponsors (1)
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 |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2418 |
BillText | https://pub.njleg.gov/Bills/2024/A2500/2418_I1.HTM |
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