s523

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 received final approval today by the General Assembly.

“Residents have a right to expect that when they engage in business at a cash-for-gold operation in the state, they are provided accurate information about the value of their property,” said Senator Norcross (D-Gloucester/Camden). “This measure will better ensure that consumers are treated fairly and make certain that any precious metal buyer that fails to follow the law in an attempt to defraud consumers out of money due to them will be met with severe financial penalties.”

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.”