Use of Prenotification Negative Option Plans ("Negative Option Rule")

ICR 201410-3084-003

OMB: 3084-0104

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-10-01
IC Document Collections
IC ID
Document
Title
Status
32301
Modified
186715
Unchanged
ICR Details
3084-0104 201410-3084-003
Historical Active 201110-3084-004
FTC
Use of Prenotification Negative Option Plans ("Negative Option Rule")
Extension without change of a currently approved collection   No
Regular
Approved without change 11/05/2014
Retrieve Notice of Action (NOA) 10/06/2014
  Inventory as of this Action Requested Previously Approved
11/30/2017 36 Months From Approved 12/31/2014
40 0 50
3,125 0 3,875
0 0 0

The Rule establishes disclosure requirements for sellers who use negative option plans. It requires sellers of these plans to disclose the plan's material terms, including the right of cancellation.

US Code: 15 USC 41-58 Name of Law: Federal Trade Commission Act
  
None

Not associated with rulemaking

  79 FR 43047 07/24/2014
79 FR 6014 10/06/2014
No

2
IC Title Form No. Form Name
Disclosure Requirements for Existing Clubs
Disclosure Requirements for New Clubs

  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 40 50 0 0 -10 0
Annual Time Burden (Hours) 3,125 3,875 0 0 -750 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden estimate has been reduced by 750 hours reflecting the decreased number of existing clubs (from 45 in 2011 to 35 in 2014) due to consolidation in the industry and the economic downturn.

$7,500
No
No
No
No
No
Uncollected
Robert Frisby 202 326-2098 rfrisby@ftc.gov

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
10/06/2014


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