Assemblyman Craig Coughlin (D-Middlesex) introduced legislation which would give judges more discretion in cases involving the New Jersey Consumer Fraud Act. Under current law, the court is required to award threefold the damages sustained by any person in interest and attorneys’ fees, filing fees and reasonable costs if a violation occurs. This bill, A-3264, gives the court discretion in awarding damages. They would not be permitted to exceed three times the actual damages sustained by the consumer. The bill also provides that the consumer fraud act applies only to New Jersey residents and transactions that take place within the State. A-3264 has been referred to the Assembly Consumer Affairs Committee. The full text can be found here, on the Legislature’s website.
By councilsoft|2012-09-28T19:39:43-04:00September 28, 2012|News|0 Comments
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