2 edition of Federal Trade Commission"s rule regulating the sale of used motor vehicles found in the catalog.
Federal Trade Commission"s rule regulating the sale of used motor vehicles
United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Transportation, and Tourism.
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|Pagination||iii, 309 p. :|
|Number of Pages||309|
The Federal Trade Commission (FTC) issues licenses and regulates the operation of television and radio stations. Which of the following is an INCORRECT statement regarding law and ethics? Businesses organized in the United States are not subject to the laws of other countries in which they operate. Federal Trade Commission Used Car Rule o The Rule requires all used car dealers to place a large sticker, called a buyer's guide in the window of each used vehicle they offer for sale o If you buy a used car from a private individual, the sale is not covered by the rule.
For additional information regarding recent FTC activities in the motor vehicle area, see Prepared Statement of the Federal Trade Commission on AConsumer Protection in the Used and Subprime Car [email protected]: Hearing Before the House Committee on Energy and Commerce, Subcommittee on Commerce, Trade, and Consumer Protection, Mar. 5, , available. Licenses for dealers and sales personnel must be displayed in the dealership's office area, and sales personnel must remember to carry a copy of their licenses with them during work hours. Used Car Rule. The Federal Trade Commission (FTC) has provided a guide of rules for sellers and buyers of used cars, the Used Car Rule. The guide includes.
Notice is hereby given, pursuant to the provisions of the rules and regulations of the U.S. Commission on Civil Rights (Commission), and the Federal Advisory Committee Act (FACA) that a meeting of the Pennsylvania Advisory Committee to the Commission will convene by conference call at a.m. (ET) on Tuesday, Get this from a library! Sale of used motor vehicles: final staff report to the Federal Trade Commission and proposed trade regulation rule (16 CFR part ). [United States. Federal Trade Commission. Bureau of Consumer Protection.; United States. Federal Trade Commission.].
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The Used Car Rule, formally known as the Used Motor Vehicle Trade Regulation Rule, has been in effect since It requires car dealers to display a window sticker, known as a Buyers Guide, on the used cars they offer for sale.
The Buyers Guide discloses whether the dealer offers a warranty and, if so, its terms and conditions. 16 CFR Part Trade Regulation Rule; Sale of Used Motor Vehicles. Tags: The staff of the Federal Trade Commission publishes its staff compliance guidelines for the Used Car Rule to provide assistance to industry members.
The views expressed in the guidelines are those of the staff only. Sale of Used Motor Vehicles (the "Rule" or "Used Car Rule"), 16 CFR Partwhich was promulgated on Novem The Used Car Rule became effective on May 9, Violations of the Rule can result in the imposition of civil penalties of up to $10, per.
Most car dealers who sell used vehicles must comply with the Federal Trade Commission's (FTC's) Used Car Rule. In fact, car dealers who sell, or offer for sale, more than five used vehicles in a month period must comply with the Rule. 16 CFR Part - USED MOTOR VEHICLE TRADE REGULATION RULE.
prev | next. § General duties of a used vehicle dealer; definitions. § Consumer sales - window form. § Window form. § Contrary statements. § Spanish language sales. § State exemptions. The Used Car Rule, formally known as the Used Motor Vehicle Trade Regulation Rule, has been in effect since It requires car dealers to display a window sticker, known as a Buyers Guide, on the used cars they offer for sale.
16 CFR Part Trade Regulation Rule; Sale of Used Motor Vehicles. The staff of the Federal Trade Commission publishes its staff compliance guidelines for the Used Car Rule to provide assistance to industry members.
The views expressed in the guidelines are those of the staff only. Trade Commission (the Commission) adopted the Used Car Rule (the Rule) regulating the sale of used motor vehicles.2 The Rule requires all dealers to affix a "Buyer's Guide" window disclosure label on used vehicles offered for sale to consumers.3 Designed to prevent and dis-courage oral misrepresentations and unfair omissions of material facts.
Which of the following is true regarding federal regulation of used-car sales. Odometer fraud is prohibited. There are requirements regarding notification that a car is being sold "as is." C. The dealer may attach a label providing that no further inspection is needed if the car has already gone through a thorough inspection by the dealer.
This provision requires that the Commission “initiate * * * a rulemaking proceeding dealing with warranties and warranty practices in connection with the sale of used motor vehicles.” Trade Regulation Rule Concerning Used Motor Vehicles, Statement of Basis and Purpose and Regulatory Analysis (“SBP”), 49 FR(Nov.
19, ). Testing at their R&D center showed the drug to be highly reliable. Ajax has to approach a U.S. federal administrative agency called the _____ for the drug to be deemed legal for sale to the public.
A) Medicines and Healthcare Products Regulatory Agency B) Consumer Product Safety Commission C) Federal Trade Commission D) Food and Drug Administration. The official website of the Federal Trade Commission, protecting America’s consumers for over years. The Rule requires used car dealers to disclose on the Buyers Guide whether they are offering a used car for sale with a dealer’s warranty and, if so, the basic terms, including the duration of coverage, the percentage of total repair costs to be paid by the dealer, and the exact systems covered by the warranty.
If you prefer to file your comment on paper, write “Used Car Regulatory Review, 16 CFR partProject No. P” on your comment and on the envelope, and mail it to the following address: Federal Trade Commission, Office of the Secretary, Pennsylvania Avenue NW., Suite CC (Annex A), Washington, DC Excerpt from THE FEDERAL TRADE COMMISSIONS USED MOTOR VEHICLE TRADE REGULATION RULE 16 C.F.R.
§ General duties of a used vehicle dealer; definitions. (a) It is a deceptive act or practice for any used vehicle dealer, when that dealer sells or offers for sale a used vehicle in or affecting commerce as commerce is defined in the Federal Trade.
The ____ is a federal administrative agency that is primarily responsible fore regulating the safety of meat, poultry, and other food products A. Food and Drug Administration B. Consumer Product Safety Commission C. U.S. Department of Agriculture D. Federal Trade Commission. The FTC's Proposed Trade Regulation Rule Concerning the Sale of Used Motor Vehicles In Congress empowered the Federal Trade Commission to prescribe "interpretive rules and general statements of policy with respect to unfair or deceptive acts or practices in or affecting com-merce, and rules which define with specificity acts or Author: Ronald L.
Hersbergen. The Federal Trade Commission’s (FTC) Used Car Rule requires dealers to display a Buyers Guide in every used car they offer for sale, and to give it to buyers after the sale. This includes light-duty vans, light-duty trucks, demonstrators, and program cars.
Demonstrators are new cars that haven’t been owned, leased, or used as rentals, but. The Federal Trade Commission (FTC) has issued a new final rule to amend its Used Car Rule, formerly known as the Used Motor Vehicle Trade Regulation Rule.
The Used Car Rule requires car dealers to display a window sticker, or Buyers Guide, on used cars offered for sale. The Commission also retains rulemaking authority under the FCRA over any motor vehicle dealer described in Section (a) of the Dodd-Frank Act that is predominantly engaged in the sale and servicing of motor vehicles, the leasing and servicing of motor vehicles, or both.
The Federal Trade Commission (" FTC" or " Commission") has completed its regulatory review of its Used Motor Vehicle Trade Regulation Rule (" Used Car Rule" or " Rule") as part of the FTC's systematic review of all current Commission regulations and guides.(a) It is a deceptive act or practice for any used vehicle dealer, when that dealer sells or offers for sale a used vehicle in or affecting commerce as commerce is defined in the Federal Trade Commission Act: (1) To misrepresent the mechanical condition of a used vehicle; (2) To misrepresent the terms of any warranty offered in connection with the sale of a used vehicle; and.The Federal Trade Commission is holding a series of roundtable events and requesting public comment to gather information on possible consumer protection issues that may arise in the sale, financing or lease of motor vehicles.
The first event took place in Detroit, Michigan on Ap The FTC’s second motor vehicle roundtable took place at St. Mary’s University School of Law, One Camino Santa Maria.