Bill > S4330

This bill establishes new regulations for telecommunications, electric, gas, and cable television companies regarding when they can charge credit card or direct debit customers for services. The bill requires the Board of Public Utilities (BPU) to prohibit these companies from charging customers before the actual billing due date, unless one of two conditions are met: the customer provides written consent to be charged earlier, or the customer makes a specific request by telephone or through BPU-approved methods to be charged before the standard billing due date. The legislation defines key terms such as "credit card customer" (someone who allows automatic billing to their credit card), "direct debit customer" (someone who allows automatic deductions from their bank account), and specifies the types of companies and services covered. The bill aims to protect consumers by preventing premature charges and giving customers more control over when payments are processed. The Board of Public Utilities is granted the authority to create rules and regulations to implement these provisions, and the act will take effect 90 days after enactment, with the board able to take administrative actions in advance to prepare for implementation.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/S4330