PolitickerNJ Wire Feed

By Trish Graber | December 17th, 2012 - 6:31pm
| More

Bill Boosts Penalties for Violating Consumer Protection Laws

TRENTON – Legislation sponsored by Senator Donald Norcross to protect consumers from being defrauded by unscrupulous precious metal buyers by increasing penalties for violations of certain laws that apply to these businesses was approved today by the Senate Commerce Committee.

“In these economic times, some people are making the difficult decision to sell jewelry, sometimes after it has been in their family for many years. We must ensure that consumers are treated fairly in this process and given accurate information by precious metal buyers with whom they choose to do business,” said Senator Norcross (D-Camden/Gloucester). “Any precious metal buyer that attempts to engage in unscrupulous business practices and to cheat customers out of money that is due to them will be met with severe financial penalties.”

In August 2012, the New Jersey Division of Consumer Affairs, State Office of Weights and Measures within the Division of Consumer Affairs, the Passaic County Prosecutor’s Office and the Wayne Police Department conducted an undercover operation dubbed “Going for Gold” in Wayne, during which they visited a dozen cash-for-gold businesses and offered to sell jewelry. In all but one case, the business failed to either weigh or test the fineness of the precious metal in plain view of the investigator. Other violations included failure to post the prices offered for precious metals; failure to obtain the seller’s proof of identification; failure to issue the receipt required by law; and failure to use a type of scale approved by the Office of Weights and Measures. In all, 171 State civil complaints and 30 municipal code violations were issued against the 12 businesses.

The senator’s legislation (S-523) would increase the penalties for precious metals buyers who fail to comply with the State’s precious metals buyer laws and would require weights and measures officers to immediately seize a scale being used by a precious metal buyer if the scale has not been certified by the Office of Weights and Measures. Specifically, the bill would increase penalties assessed when a scale which is obviously generating incorrect weights is seized by a weights and measures officer from $50 to an amount between $500 and $1,000. Under current law, the penalty for violations of the precious metals buyer law ranges from $100 to $500. The bill increases penalties for all violations to $500 to $1,000. These would include violations for failing to issue a consumer an accurate receipt, failing to post the price being offered, and failing to weigh the item in plain view of the consumer.

“Our state laws require cash-for-gold businesses to obtain the identification of a seller and to provide a detailed receipt. These measures are designed to help prevent the sale of stolen jewelry, and in cases when this does happen, to help to return jewelry to its rightful owner,” said Senator Norcross. “When businesses fail to comply with our laws, they make it easier for people to get away with cashing in on someone else’s property.”

The committee approved the bill by a vote of 6-0. It now heads to the full Senate for a vote.

Contact Info: 

Trish Graber

NJ Senate Democratic Office

609-847-3700

www.njsendems.com

Wake-Up Call

Morning Digest: August 28th

Chris Christie's Jekyll & Hyde complex We all know the story: An amiable, even-keeled doctor, in an effort to separate the good from his darker impulses, concocts and consumes a secret potion that, momentarily, induces a metamorphosis of physical and mental being and turns him into a monstrous and...

Op-Ed

White House’s Tuition Challenge Being Met in NJ

By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students.  The state colleges and universities in New Jersey have... Read More >

Contributors

My Republican Hillary Clinton Experience    There is a veritable plethora of reportage in print, internet, television and radio media speculating as to whether Hillary Clinton will seek the Democratic... more »
(8-27-14) All Americans Should Support Gov. Perry - Political prosecutions have no place in American life. Those who use the justice system as they are using it in Texas... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

"He was a focal point for the disturbance." - former New Jersey Governor Brendan Byrne (the Essex County Prosecutor in July 1967), of former Newark Mayor Hugh Addonizio

- PolitickerNJ

Poll

Who is a better field general for his party as both try to win governor's races around the country?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources