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Virginia Consumer Protection News
Bergen County Moving Company Agrees To Pay Consumer Restitution And $20,000 Civil Penalty
A South Hackensack moving company sued by the state last year for allegedly operating without a license has agreed to pay at least $5,774 in restitution to consumers and a $20,000 civil penalty to the state to resolve the matter, Attorney General Stuart Rabner and Acting Consumer Affairs Director Stephen B. Nolan announced.
A Professional Movers, Inc., and its principals, Adam Eliad and Oziel Eliad, also agreed to comply with all applicable provisions of the New Jersey Consumer Fraud Act, the New Jersey Public Movers Licensing Act and Public Movers Regulations in their future business practices. The matter was resolved with no admission of liability or wrongdoing.
“We will not allow the legal protections that consumers are entitled to when hiring a moving company to be violated or ignored,” Attorney General Rabner said. “This agreement requires the moving company to adhere to state laws and regulations or else face additional penalties.”
If A Professional Movers does not comply with the terms of the settlement for a three-year period, an additional $30,000 civil penalty that is currently suspended will become due and payable.
“Moving can be an expensive and emotional experience. Consumer Affairs regulates the moving industry to protect the public, and, in cases such as this one, to provide recourse and take action on their behalf,” Acting Director Nolan said. Read more at state.nj.us.
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Definition:
The party to whom the item is leased. In a consumer lease, the lessee is you, the consumer. The lessee is required to make payments and to meet other obligations specified in the lease agreement.
Loan Scams
Definition:
Before you sign on the dotted line, get all of the loan terms in writing, including the payment schedule and interest rate. If the lender isn't familiar to you, contact your state banking department and ask how to confirm that it's licensed and operating properly.
Investment Scams
Definition:
Steer clear of “offshore investments.” These are often promoted as a way to avoid taxes. Actually, you are still liable for taxes, and the investments themselves are usually very risky
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