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

ICR 200809-3084-003

OMB: 3084-0104

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2008-10-01
IC Document Collections
ICR Details
3084-0104 200809-3084-003
Historical Active 200508-3084-004
FTC
Use of Prenotification Negative Option Plans ("Negative Option Rule")
Revision of a currently approved collection   No
Regular
Approved without change 11/03/2008
Retrieve Notice of Action (NOA) 10/02/2008
  Inventory as of this Action Requested Previously Approved
11/30/2011 36 Months From Approved 10/31/2008
165 0 2,340
12,690 0 15,000
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

  73 FR 39700 07/10/2008
73 FR 57103 10/01/2008
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 165 2,340 0 0 -2,175 0
Annual Time Burden (Hours) 12,690 15,000 0 0 -2,310 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$15,500
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Jock Chung 202 326-2984 [email protected]

  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.
10/02/2008


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