NJ S525

Amends New Jersey's "Truth-in-Consumer Contract, Warranty and Notice Act" (TCCWNA) to require proof of ascertainable economic loss before class-action lawsuits can be certified for alleged violations

Consumers with economic losses of $250 or less must first request reimbursement in writing via certified and regular mail before filing a lawsuit, with a mandatory 35-day waiting period after mailing

When a TCCWNA claim is asserted as a counterclaim, the defendant may tender the disputed amount to the court or an attorney's escrow account; if they do so and the consumer prevails, no attorney's fees will be awarded

Consumers with economic losses exceeding $250 may proceed directly with legal action without the prior reimbursement request requirement