16 CFR 437.7

§ 437.7 Record retention.

United States · 16 CFR — Commercial Practices · Status: effective

Cite this

Citation: 16 CFR 437.7, § 437.7 Record retention, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/64518
Permanent ID: ys:prov:64518@1
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Full text

To prevent the unfair and deceptive acts or practices specified in this Rule, business opportunity sellers and their principals must prepare, retain, and make available for inspection by Commission officials copies of the following documents for a period of three years: (a) Each materially different version of all documents required by this Rule; (b) Each purchaser's disclosure receipt; (c) Each executed written contract with a purchaser; and (d) All substantiation upon which the seller relies for each earnings claim from the time each such claim is made.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.