ASSEMBLY SENIOR ISSUES, TOURISM AND GAMING COMMITTEE

STATEMENT TO

ASSEMBLY, No. 868

STATE OF NEW JERSEY

DATED: DECEMBER 9, 1996

      The Assembly Senior Issues, Tourism and Gaming Committee reports favorably Assembly, No. 868.

      This bill requires that any moneys or property, real or personal, which have been acquired from a senior citizen by any means declared to be unlawful under the consumer fraud laws generally, N.J.S.A. 56:8-1 et seq., are to be restored in an amount which is twice the amount unlawfully acquired. The bill also provides that a person who fails to comply within 10 days of being served an order to make such restoration is guilty of a crime of the fourth degree.

      This bill was prefiled for introduction in the 1996 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.