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FTC | RIN: 3084-AB05 | Publication ID: Fall 2008 |
Title: Used Motor Vehicle Trade Regulation Rule | |
Abstract: Effective in 1985 and last reviewed in 1995, the Used Motor Vehicle Trade Regulation Rule (or Used Car Rule) sets out the general duties of a used vehicle dealer and provides for a label on the window of the car describing the condition of the car and whether it is warrantied by the used vehicle dealer. The Used Car Rule also prohibits the used vehicle dealer from making statements contrary to those on the label. On July 21, 2008, the Commission published a notice seeking public comments on the effectiveness and impact of the Rule. The notice sought comments on a range of issues including whether a bilingual Buyers Guide would be useful or practicable, as well as what form such a Buyers Guide should take. Second, the notice sought comments on possible changes to the Buyers Guide that reflect new warranty products such as certified used car warranties, that have become increasingly popular since the Rule was last reviewed. Finally the notice sought comments on other issues including the continuing need for the Rule and its economic impact, and the effect of the Rule on the used car market. The comment period, as extended, ended on November 19, 2008, and staff anticipates sending a recommendation to the Commission by spring 2009. | |
Agency: Federal Trade Commission(FTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 16 CFR 455 | |
Legal Authority: 15 USC 2309 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: John Hallerud Attorney Federal Trade Commission 55 W. Monroe Street, Suite 1825, Chicago, IL 60603-5001 Phone:312 960-5615 Email: jhallerud@ftc.gov |