The New Jersey Consumer Fraud Act is to be Watered Down, significantly.
New Jersey has one of the strongest Consumer Fraud Acts in the United States.
There is pending legislation to change the Consumer Fraud Act and make it easier to avoid civil penalties for fraud.
The changes include provisions to exempt “out of state transactions” from the protections of the act.
The changes include the limitation on attorney fees.
The changes include the requirement for detrimental reliance AND makes treble or triple damages optional.
There are no real disincentives to discourage fraud. This bill encourages bad business practices.
THE TRUE COST OF FRAUD IS TREMENDOUS