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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3084-0107
ICR Reference No:
200612-3084-003
Status:
Historical Active
Previous ICR Reference No:
200508-3084-002
Agency/Subagency:
FTC
Agency Tracking No:
Title:
Disclosure Requirements for Franchising and Business Opportunity Ventures (
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
01/26/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/25/2007
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2008
10/31/2008
10/31/2008
Responses
500,000
0
500,000
Time Burden (Hours)
36,250
0
37,000
Cost Burden (Dollars)
11,887,500
0
12,027,000
Abstract:
The Franchise Rule requires franchisors and franchise brokers to furnish a disclosure document to prospective franchisees prior to sale. Prospective franchisees use the information to become more informed about the proposed investment and to verify representations made by a franchisor.
Authorizing Statute(s):
None
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
4
IC Title
Form No.
Form Name
Part 436 of Franchise Rule For Established Entities (Business Format Franchisors)
Part 436 of Franchise Rule For New Entrants (Business Format Franchisors)
Part 437 of Franchise Rule For Established Entities (Business Opportunity Sellers)
Part 437 of Franchise Rule For New Entrants (Business Opportunity Sellers)
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
500,000
500,000
0
0
0
0
Annual Time Burden (Hours)
36,250
37,000
0
0
-750
0
Annual Cost Burden (Dollars)
11,887,500
12,027,000
0
0
-139,500
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
As further explained in the uploaded supplementary document, Commission staff has identified several inadvertent errors with respect to the PRA analysis contained in the FTCs 2005 submission to OMB for the Rule. Commission staff, therefore, seeks the following adjustments to the FTCs previous burden estimates: the total annual burden hours estimate for the Rule should be adjusted to 36,250 hours (a decrease of 750 hours) and the total annual non-labor cost estimate for the Rule should be adjusted to $11,887,500 (a decrease of $139,500).
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Steven Toporoff 202 326-3135 stoporoff@ftc.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
01/25/2007
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