New Jersey sellers of grave markers and monuments would need signed contracts and offer accounts that hold buyers’ payments until delivery or agreed installation.
Sellers would have to offer buyers a bank account that holds memorial payments until delivery, or until installation if the contract specifies that trigger.
Sellers of grave markers and monuments would need signed contracts that clearly describe the design, costs, and delivery or installation plans.
Sellers would have to offer escrow accounts for initial and scheduled payments. Accounts would have to be at federally insured banks or savings and loan associations in New Jersey. The contract would set deposit and release terms. Sellers would receive the money upon delivery to buyers or authorized recipients, or installation if the contract specifies that trigger. This requirement would apply to sales on or after the 180th day following enactment.
Sellers would have to use written contracts signed by all parties. This covers grave markers and monuments bearing a deceased person's name, family name, or likeness. Contracts would need clear, readable terms covering the design, itemized costs and payment schedule, and delivery or installation plans. The contract requirement would apply to sales on or after the 180th day following enactment.
No hearings or votes scheduled.