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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:
3084-0108
ICR Reference No:
201206-3084-002
Status:
Historical Inactive
Previous ICR Reference No:
201012-3084-001
Agency/Subagency:
FTC
Agency Tracking No:
Title:
The Used Car Rule
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Comment filed on proposed rule and continue
Conclusion Date:
01/03/2013
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/04/2012
Terms of Clearance:
The FTC should consider comments received regarding the information collection instrument(s) and provide a response and any necessary adjustments in its next submission to OMB.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2014
02/28/2014
02/28/2014
Responses
52,796,189
0
52,796,189
Time Burden (Hours)
1,974,409
0
1,974,409
Cost Burden (Dollars)
4,906,274
0
4,906,274
Abstract:
The Rule facilitates informed purchasing decisions by consumers by requiring used car dealers to disclose information about warranty coverage, if any, and the mechanical condition of used cars they offer for sale. The Rule requires used car dealers to post a "Buyers Guide" on used cars offered for sale to consumers. The Buyers Guide must disclose information about the warranty coverage offered. The proposed changes include adding a statement on the face of the Buyers Guide informing consumers about the availability of vehicle history reports and suggesting that consumers obtain a copy of a vehicle history report. The Commission also proposes adding a statement, in Spanish, on the face of the English version of the Buyers Guide suggesting that consumers ask for the Buyers Guide in Spanish if they cannot read it in English. In addition, the Commission proposes to change the Buyers Guide to improve disclosure of warranties.
Authorizing Statute(s):
US Code:
15 USC 2301-2132
Name of Law: Magnuson-Moss Warranty Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3084-AB05
Proposed rulemaking
77 FR 74746
12/17/2012
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
9
IC Title
Form No.
Form Name
Dealers Ordering & Stocking Buyers Guides
Displaying Buyers Guides on used cars
Entering data on Buyers Guides for used cars with warranty
Entering data on Buyers Guides on used cars w/o a warranty
Proposed optional additional disclosures
Revising Buyers Guides as necessary
Spanish lang. sales: data entry on Buyers Guides for used cars w/o wty
Spanish lang. sales: data entry on Buyers Guides for used cars with wty
Spanish lang. sales: displaying Buyers Guides on used cars
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Proposed program change effects: The estimates for optional disclosures under the proposed amendments, applied to an updated estimate of 27,618,480 used cars sold per year, yields an estimated incremental burden of 57,539 hours. Assuming that dealers will make the optional disclosures on 25% of the 27,618,480 used cars offered for sale, and assuming further a cost of twenty cents per pre-printed Buyers Guide, this would additionally result in $1,380,924 of incremental purchase cost per year. Effects of increased estimate of used cars sold (not tied to program changes): 232,884 additional hours and $617,422 in purchase costs strictly tied to a higher estimate of used cars sold.
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
John Hallerud 312 960-5615 jhallerud@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:
12/04/2012
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