NJ A5322

Consumer contracts for services must apply solely to the specific service purchased, prohibiting companies from including provisions that extend the contract's terms to other products or services from the same company or its affiliates

Applies to "consumer contracts" defined as written agreements for services obtained for personal, family, or household purposes

Exempts securities transactions with SEC-registered broker-dealers and commodities transactions with CFTC-registered futures commission merchants

Takes effect 180 days after enactment and applies to contracts entered into or renewed after that date