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Purpose of the Consumer Protection Act |
Purpose of the Consumer Protection Act
The purpose of the Consumer Protection Act is to promote protection of consumers with respect to
- Safety, quality, purity, potency, healthfulness, durability, performance, repair ability, effectiveness, truthfulness, dependability, availability, and cost of any real or personal property or tangible or intangible goods, services, or credit;
- Preservation of consumer choice and a competitive market;
- Price and adequacy of supply of goods and services;
- Prevention of unfair or deceptive trade practices;
- Maintenance of truthfulness and fairness in the advertising, promotion and sale by a producer, distributor, lender, retailer or other supplier of such property goods, services, and credit;
- Furnishing of full, accurate, and clear instructions, warnings and other information by any such supplier concerning such property, goods, services, and credit;
- Protection of the legal rights and remedies of consumers;
- Providing of estimates of the cost and benefits of programs and activities established by Federal Government regulations and legislation.
- It is the purpose of section 24 of this Act to establish a means for estimating in advance the consumer cost and benefits of Federal legislation or rules that have substantial economic impact, and to prevent the adoption of Government programs whose costs to consumers outweigh their benefits.
For more details see: http://www.csrl.org/modellaws/protection.html
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