Overcharge


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Overcharge

To assess a buyer too much for a product. For example, one may sell a cheap television worth $200 for $500. Because pricing is somewhat subjective, it can be difficult to determine when someone has been overcharged.
References in periodicals archive ?
To recover overcharges, insurers may file an independent lawsuit, join a class-action suit or join a group of "opt-out" insurers.
This comes four years after the disclosure of widespread overcharges by thrifts holding such mortgages.
Thus, there could be a difference of hundreds of millions of dollars between how much it did overcharge, and how much it might have overcharged.
CONTACT: Roger Noorthoek, MBA, ROCC (Recovery Overcharge Consultant Certificate) of Hidden Wealth Consultants, +1-562-983-9890, or roger@hwcinc.
There could be as much as pounds 4billion in overcharges owed by banks to business customers," he said.
The county's Buyer Beware program, which was launched in February 2002, has helped reduce scanner overcharges by 75 percent, saving consumers tens of millions of dollars a year, county officials said last month.
Testimony filed by CUB earlier this year showed how Nicor had manipulated the plan to overcharge consumers by $27 million.
The Court also found that the overcharge was willful and awarded the tenant treble damages.
Specifically, it should prevent Sempra from attempting to overcharge DWR again in the future.
When an overcharge is $1 or less, the violation is considered an infraction punishable by a maximum fine of $100.
Ameritech's average access rate is approximately 6 times the real cost of providing the service -- an overcharge of approximately $120 million per year.
On March 21, DHCR began a new overcharge procedure using a new overcharge complaint form, while the old form is still being used for ETPA and rent control cases.