The Used Car Rule

ICR 201312-3084-003

OMB: 3084-0108

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-12-20
ICR Details
3084-0108 201312-3084-003
Historical Active 201012-3084-001
FTC
The Used Car Rule
Extension without change of a currently approved collection   No
Regular
Approved without change 01/24/2014
Retrieve Notice of Action (NOA) 12/24/2013
  Inventory as of this Action Requested Previously Approved
01/31/2017 36 Months From Approved 02/28/2014
61,793,888 0 52,796,189
2,296,226 0 1,974,409
8,687,400 0 4,906,274

The Rule facilitates informed purchasing decisions by consumers by requiring used car dealers to disclose information about warranty coverage, if any, and the mechanical condition of used cars they offer for sale.

US Code: 15 USC 2301-2132 Name of Law: Magnuson-Moss Warranty Act
  
None

Not associated with rulemaking

  78 FR 59032 09/25/2013
78 FR 77684 12/24/2013
No

  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 61,793,888 52,796,189 0 0 8,997,699 0
Annual Time Burden (Hours) 2,296,226 1,974,409 0 0 321,817 0
Annual Cost Burden (Dollars) 8,687,400 4,906,274 0 0 3,781,126 0
No
No
There are no program changes. The estimated number of dealers has increased from the previously cleared estimate of 53,735 to 55,432, and the estimated number of used cars sold annually have increased from 24,531,374 to 28,958,000.

$277,000
No
No
No
No
No
Uncollected
John Hallerud 312 960-5615 [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.
12/24/2013


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