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N.J. Mulls Instant Rebate Bill

12/13/2010 12:44:01 PM Eastern
Trenton, N.J. - New Jersey's state assembly is voting on a bill today that would compel retailers to provide instant rebates to customers if a product's post-rebate price is advertised.

The measure, which was designed to save consumers the hassle of filling out rebate forms before expiration and waiting weeks to receive a check, would require retailers to sell items at the net advertised price at checkout and complete the rebate redemption process themselves or face stiff fines.

 If passed, New Jersey would become the third state after Connecticut and Rhode Island to have an instant rebate law on the books, the Star-Ledger reported.
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