New Jersey S4848 mandates written contracts for memorial sales and allows escrow account options for payments.
New Jersey S4848 requires that each sale of a memorial be documented by a written contract, detailing the seller and purchaser's names and addresses, the deceased individual's name and date of death, a description of the memorial, delivery or installation date, and the total price. The contract must also include an option for the purchaser to deposit payments into an escrow account. If the purchaser opts for an escrow account, the terms for payments and disbursements must be specified. Violation of the bill's provisions is subject to penalties under the consumer fraud act.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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