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On December 12, 2023, the Federal Trade Commission (FTC) issued a final rule with a wide range of requirements and restrictions for selling and financing cars to consumers. This new rule is the Combating Auto Retail Scams Rule (the CARS Rule). What is the CARS Rule? The CARS Rule aims to clean up the auto sales and financing process by: Banning certain misleading statements in the financing process. Setting strict guidelines for how … [Read more...] about Important Update for New Jersey Auto Dealers: FTC’s New Auto Financing Rules
Auto Dealership Law
New Law: NJ Auto Dealers Must Delete Consumer’s Personal Data
In January 2024, Governor Murphy signed Bill A4723. This law requires New Jersey auto dealers to delete a consumer’s personal data from a vehicle in certain circumstances. The law, which became effective immediately, states: Whenever a motor vehicle dealer takes possession of a motor vehicle from a consumer for resale or lease, the motor vehicle dealer shall offer to delete the consumer’s personal information from the motor vehicle’s computer … [Read more...] about New Law: NJ Auto Dealers Must Delete Consumer’s Personal Data
SPG Successfully Recovers Six (6)-Figure Payment in Additional Loss of Business Income Insurance for New Jersey Automobile Dealership
Kieran M. Dowling, of Schiller, Pittenger & Galvin, P.C. and the Auto Dealership Law Team successfully represented a Union County Automobile Dealership to recover unpaid loss of business income insurance under its policy. The dealership’s parts and services department had suffered a devastating fire, and the dealership filed an insurance claim to recoup the lost business income during the rebuild. The dealership’s insurance company, … [Read more...] about SPG Successfully Recovers Six (6)-Figure Payment in Additional Loss of Business Income Insurance for New Jersey Automobile Dealership
Final Orders and Interlocutory Orders in New Jersey State Court
Here is the updated HTML with all URL links removed: ```html It is important for any attorney who litigates in New Jersey state courts to have a complete understanding of the differences between final orders and interlocutory orders in New Jersey. Final Order (Rule 4:49-2) A final order, as per Rule 4:49-2, is one that marks the conclusion of a particular stage in litigation. It signifies the end of a particular phase of a case, allowing … [Read more...] about Final Orders and Interlocutory Orders in New Jersey State Court
New Jersey Commercial Property Insurance and Appraisal Clauses: What You Need to Know
An important aspect of commercial property insurance that is often overlooked is the appraisal clause. Although it may seem complicated, business owners who have filed property damage or loss of business income claim with their insurance carriers need to understand New Jersey commercial property insurance and appraisal clauses. Appraisal Clause Explained New Jersey commercial property insurance policies can have an "appraisal" clause to … [Read more...] about New Jersey Commercial Property Insurance and Appraisal Clauses: What You Need to Know
New Jersey Businesses – Be Alert!
Below are brief articles regarding two consumer protection laws all business owners should know: The Magnuson-Moss Warranty Act and The New Jersey Truth in Consumer Contract Warranty and Notice Act Magnuson-Moss Warranty Act If you are an auto dealer in New Jersey, you may have encountered cases involving the Magnuson-Moss Warranty Act (MMWA; 15 U.S.C. § 2301 et seq.). This federal law, passed in 1975, governs warranties on consumer products … [Read more...] about New Jersey Businesses – Be Alert!