Revises provisions relating to deceptive trade practices. (BDR 52-773)
The bill's revisions impact various existing statutes related to consumer protection and deceptive trade practices by updating the penalties and strengthening the enforcement capabilities of the Attorney General. This includes increasing civil penalties for willful violations of deceptive practices from $5,000 to $15,000 and broadening the statute of limitations for certain felonies associated with these practices. These changes underscore the state’s commitment to protecting consumers and maintaining fair trading standards, particularly for its most vulnerable residents.
Assembly Bill No. 373 (AB373) introduces significant revisions to the laws governing deceptive trade practices in Nevada. The bill clarifies the authority of the Attorney General, allowing for enhanced remedies including civil penalties and restitution for victims affected by deceptive practices. Notably, the amendments expand the scope of penalties to include higher civil fines on individuals or entities that target vulnerable populations such as the elderly, persons with disabilities, and minors. For instance, the maximum penalty for violations directed towards the elderly has been raised to $25,000, enhancing protection for this demographic against deceptive practices.
Although the bill has broad support due to its focus on consumer and vulnerable population protections, there is potential contention over the implications of increased penalties. Critics have expressed concerns regarding the fairness and proportionality of such high penalties for businesses, which may impact their operations. Additionally, the expanded authority given to the Attorney General may raise questions about the adequacy of oversight and checks on enforcement actions, possibly leading to apprehensions among business entities regarding their compliance costs and legal liabilities.