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FTC RIN: 3084-AB10 Publication ID: Fall 2010 
Title: Trade Regulation Rule Concerning Cooling Off Period for Sales Made at Homes or at Certain Other Locations 
Abstract: Last revised in 1995, the Trade Regulation Rule Concerning Cooling Off Period for Sales Made at Homes or at Certain Other Locations (or the Cooling-Off Rule) requires that a consumer be given a 3-day right to cancel certain sales greater than $25.00 that occur at a place other than a seller's place of business. The Rule also requires a seller to notify buyers orally of the right to cancel; to provide buyers with a dated receipt or copy of the contract containing the name and address of the seller and notice of cancellation rights; and to provide buyers with forms which buyers may use to cancel the contract. On April 21, 2009, the Commission requested comments on the rule as part of the Commission's systematic review of all current Commission rules and guides. The Commission is seeking comments on, among other things, the economic impact and benefits of this rule; possible conflict between the rule and State, local, or other Federal laws or regulations; and the effect on the rule of any technological, economic, or other industry changes. At the request of several organizations, the comment period was reopened and extended to September 25, 2009. 74 FR 36972. Staff is reviewing comments as they are received and expects to prepare a recommendation for the Commission during the fall of 2010. 
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 429   
Legal Authority: 15 USC 41 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  04/21/2009  74 FR 18170   
ANPRM Comment Period End  06/22/2009    
ANPRM Comment Period Extended  07/27/2009  74 FR 36972   
ANPRM Extended Comment Period End  09/25/2009    
Recommendation to Commission  12/00/2010    
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 
Related RINs: Previously reported as 3084-AA53 
Agency Contact:
Sana Coleman Chriss
Attorney
Federal Trade Commission
Suite 1500, 225 Peachtree Street NE.,
Atlanta, GA 30303
Phone:404 656-1364
Email: schriss@ftc.gov