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National Consumer Protection Introduction:
Consumer protection laws are created to protect the buying public from the negligent acts of sellers. These laws vary slightly from one state to another, however, their mission is to prevent fraud and protect the public from harmful products and practices.
These laws ensure product safety in the items sold to the public. For examples, there are statutes that prevent manufacturers from selling flammable clothing, and bacteria laced meat. Lead and asbestos restrictions ensure these harmful chemical are only minimally used in production. The Magnuson-Moss Act of 1973 actually sets the minimum amount of time that companies can be considered liable for product defects.
Consumer protection laws also guard against fraud. The truth-in-lending laws ensure that loan terms are stated as clearly and as completely as possible. There are laws against misleading ads, fraudulent contests, and other false solicitations.
Consumer protection laws do just that—protect the consumer. They are made watch over the public good and punish those who try do harm.
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