This bill amends the definition of consumer contracts for services in New Jersey, specifying that such contracts must pertain solely to the service purchased by the consumer. It prohibits the inclusion of provisions that would allow the contract to govern the purchase of other products or services from the contracting company or its affiliates that are not explicitly offered under the contract. Additionally, the bill clarifies that a consumer contract is a written agreement for services intended for personal, family, or household use, and it explicitly excludes agreements related to securities transactions with registered broker-dealers and commodities transactions with registered futures commission merchants.

The bill is set to take effect 180 days after its enactment, applying to consumer contracts that are entered into or renewed on or after that date. This legislation aims to protect consumers by ensuring that service contracts are clear and limited in scope, preventing companies from imposing additional obligations related to unrelated products or services.