The Used Car Rule

Forms and Documents

Document Name	Status
Used Car '12 NPRM SS fin_mtd.pdf Supporting Statement A	2012-10-12

IC Document Collections

IC ID	Document Title	Status
32313	Dealers Ordering & Stocking Buyers Guides	Modified
202597	Proposed optional additional disclosures	New
182996	Spanish lang. sales: displaying Buyers Guides on used cars	Modified
182995	Spanish lang. sales: data entry on Buyers Guides for used cars with wty	Modified
182994	Spanish lang. sales: data entry on Buyers Guides for used cars w/o wty	Modified
182993	Revising Buyers Guides as necessary	Modified
182991	Displaying Buyers Guides on used cars	Modified
182990	Entering data on Buyers Guides for used cars with warranty	Modified
182989	Entering data on Buyers Guides on used cars w/o a warranty	Modified

ICR Details

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
	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

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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.

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Authorizing Statute(s): US Code: 15 USC 2301-2132 Name of Law: Magnuson-Moss Warranty Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3084-AB05	Proposed rulemaking	77 FR 74746	12/17/2012

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 9

IC Title	Form No.	Form Name
Proposed optional additional disclosures
Displaying Buyers Guides on used cars
Entering data on Buyers Guides on used cars w/o a warranty
Spanish lang. sales: data entry on Buyers Guides for used cars with wty
Spanish lang. sales: displaying Buyers Guides on used cars
Spanish lang. sales: data entry on Buyers Guides for used cars w/o wty
Dealers Ordering & Stocking Buyers Guides
Entering data on Buyers Guides for used cars with warranty
Revising Buyers Guides as necessary

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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.

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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

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Common Form ICR:  No

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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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