#BENCHMARK AUTO SALES LLC PDF#

P204800” on your comment, and file it online atīy following the instructions on the web-based form. Write “Motor Vehicle Dealers Trade Regulation Rule-Rulemaking, No. Interested parties may file a comment online or on paper by following the instructions in the Request for Comment part of the

DATES:Ĭomments must be received on or before September 12, 2022. This NPRM invites written comments on all issues raised herein and seeks answers to the specific questions set forth in Section VIII of this document. The proposed rule would prohibit motor vehicle dealers from making certain misrepresentations in the course of selling, leasing, or arranging financing for motor vehicles, require accurate pricing disclosures in dealers' advertising and sales discussions, require dealers to obtain consumers' express, informed consent for charges, prohibit the sale of any add-on product or service that confers no benefit to the consumer, and require dealers to keep records of advertisements and customer transactions. The Federal Trade Commission (“FTC” or “Commission”) seeks comment on this notice of proposed rulemaking (“NPRM”) related to the sale, financing, and leasing of motor vehicles by motor vehicle dealers.

Dissenting Statement of Commissioner Christine S.PART 463-MOTOR VEHICLE TRADE REGULATION RULE.Requirement To Obtain Express Informed Consent Before Any Charges Prohibition on Charging for Add-ons in Certain Circumstances Required Disclosure of Total Financing/Contract Costs Required Disclosure of Add-on List and Associated Prices Required Disclosure of Offering Price in Advertisements and in Response to Inquiry Benefits Related to More Transparent Negotiation Consumer Welfare Benefits From Curbing Non-Mutually Beneficial Transactions or Price Effects of Deception Consumer Time Savings When Shopping for Motor Vehicle Dealers Description of Any Significant Alternatives to the Proposed Rule Identification of Duplicative, Overlapping, or Conflicting Federal Rules Description of the Projected Reporting, Recordkeeping, and Other Compliance Requirements Description and Estimate of the Number of Small Entities To Which the Proposed Rule Will Apply Statement of the Objectives of, and Legal Basis for, the Proposed Rule Description of the Reasons That Agency Action Is Being Considered § 463.5: Dealer Charges for Add-Ons and Other Items.Communications by Outside Parties to the Commissioners or Their Advisors § 463.5: Dealer Charges for Add-Ons and Other Items Section 463.3: Prohibited Misrepresentations Law Enforcement Actions and Other Responses Unlawful Practices Relating to Add-Ons and Deceptive Pricing Deception and Unfairness in the Motor Vehicle Marketplace Motor Vehicle Financing and Leasing Overview Overview of Vehicle Dealers and Motor Vehicle Financing This repetition of headings to form internal navigation links Headings within the legal text of Federal Register documents. This table of contents is a navigational tool, processed from the Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of

#BENCHMARK AUTO SALES LLC PDF#

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