- 11-Nov-2024
- Consumer Court Law Guides
Price gouging laws vary significantly across states, especially in how they define and regulate the practice during emergencies. Understanding these differences is crucial for both consumers and businesses.
In New Jersey, price gouging is defined as charging more than 10% above the pre-emergency price during a state of emergency. Violators can face penalties up to $10,000 for the first offense. In contrast, California has a broader definition and allows for a 50% increase during declared emergencies, with penalties including fines and restitution.
Understanding these differences helps consumers recognize their rights and businesses to comply with local laws during emergencies.
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