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Sale of Used Motor Vehicles (the "Rule" or "Used Car Rule"), 16 CFR Part , which 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? A. Odometer fraud is prohibited. B. 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. D. 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 part , Project 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