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DOES THE NEW JERSEY CONSUMER FRAUD ACT APPLY TO NEW HOME BUILDERS & DEVELOPERS?

April 26, 2017ACT builders consumer developers fraud Home NEW JERSEY

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DOES THE NEW JERSEY CONSUMER FRAUD ACT APPLY TO NEW HOME BUILDERS & DEVELOPERS?

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In certain situations, new home builders and new home developers may be held responsible for violating the New Jersey Consumer Fraud Act. For example, if a new home developer takes a deposit to build a new home and never begins construction nor returns the deposit, the developer may be responsible for violating the New Jersey Consumer Fraud Act. But there are also ways for new home builders and new home developers to avoid responsibility for New Jersey Consumer Fraud Act violations. For example, if new home builders and new home developers follow New Jersey laws about the disclosure of conditions outside the development, the new home builders and new home developers could avoid responsibility for consumer fraud.