NJ S1726

Requires motor vehicle dealers to provide consumers with a copy of any loan application prepared in connection with a motor vehicle sale

Classifies failure to provide the loan application copy as an unlawful practice under New Jersey's consumer fraud act (P.L.1960, c.39)

First offense violations are punishable by monetary penalties up to $10,000, with subsequent offenses up to $20,000

Additional penalties may include cease and desist orders from the Attorney General, punitive damages, and treble damages with costs awarded to injured parties

Aims to prevent dealers from submitting inaccurate financial information to lenders to help consumers qualify for loans they otherwise would not qualify for