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Consumer Law News
Consumer Affairs Continues Its Prosecutions of Price Gougers
Today Joe Doyle, Administrator, announced 51 additional settlements that have been reached as a result of recent gasoline price-gouging investigations conducted by the Governor's Office of Consumer Affairs (OCA). OCA began the investigation of price gouging immediately after Governor Perdue’s Executive Order of August 31, 2005, to control spiraling motor fuel costs in the wake of Hurricane Katrina. The first 15 settlements were announced on November 15, 2005.
Under Georgia law, price-control statutes are activated upon the Governor's declaration of a state of emergency. During the declared state of emergency, businesses may not sell any goods or services necessary to protect the health, safety or property of citizens at prices higher than the prices at which those same goods or services were offered before the declaration of a state of emergency. Absent a declared state of emergency, competition and demand drive prices in our free-market economy.
“The Governor and his Office of Consumer Affairs have taken the issue of price-gouging very seriously and will continue to do so in the future,” said Administrator Doyle. Read more at georgia.gov
Definition:
Lemon Law applies to any new vehicle purchased and registered laws are by state
Closed-End Lease
Definition:
A lease in which you are not responsible for the difference if the actual value of the item at the scheduled end of the lease is less than the residual value, but you may be responsible for excess wear-and-use charges and for other lease requirements.
Balloon Payment
Definition:
A large extra payment that may be charged at the end of a loan or lease.
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