Loading chat...
NJ S4087
Bill
Status
2/3/2025
Primary Sponsor
Paul Moriarty
Click for details
AI Summary
-
Amends the New Jersey Consumer Fraud Act to explicitly include "real estate" in the definition of "merchandise" subject to consumer protection regulations
-
Makes it an unlawful practice for any person, including individual homeowners, to engage in unconscionable, abusive, deceptive, or fraudulent practices when selling or advertising real estate
-
Expands the Consumer Fraud Act's coverage from only commercial or professional real estate sales to include sales by individual homeowners
-
Violations are punishable by up to $10,000 for a first offense and up to $20,000 for subsequent offenses, plus potential cease and desist orders, punitive damages, and treble damages
-
Takes effect 30 days after enactment
Legislative Description
Provides that sale of real estate by homeowner is subject to consumer fraud act.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
2/3/2025