16 CFR 437.2
§ 437.2 The obligation to furnish written documents.
United States · 16 CFR — Commercial Practices · Status: effective
Cite this
- Citation
- 16 CFR 437.2, § 437.2 The obligation to furnish written documents, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/64513
- Permanent ID
ys:prov:64513@1- SHA-256
06bd3f5a92d68de1559f84a88fd3d43083c6ca739699c6bd6b89bd41eca0f2d9
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
In connection with the offer for sale, sale, or promotion of a business opportunity, it is a violation of this Rule and an unfair or deceptive act or practice in violation of Section 5 of the Federal Trade Commission Act (“FTC Act”) for any seller to fail to furnish a prospective purchaser with the material information required by §§ 437.3(a) and 437.4(a) of this part in writing at least seven calendar days before the earlier of the time that the prospective purchaser:
(a) Signs any contract in connection with the business opportunity sale; or
(b) Makes a payment or provides other consideration to the seller, directly or indirectly through a third party.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.