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
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.