Section 2Sec./Art. 2

Declaration of Policy - It is the policy of the State to protect the interest and promote the general welfare of the consumer as well as establish standards of conduct for business and industry. Towards this end, the State shall implement measures to achieve the following objectives:

(a) Protection of consumers against deceptive, unfair and unconscionable sales acts and practices;

(b) Institutionalization of the industry practice of giving exact change to consumers of goods and services;

(c) Provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer;

(d) Provision of adequate rights and means of redress for consumers; and

(e) Provision of penalties for offenders.