Federal Trade Commission September 30, 2011 – Federal Register Recent Federal Regulation Documents
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Mail or Telephone Order Merchandise Rule
The FTC proposes amending the Mail or Telephone Order Merchandise Rule (``MTOR'' or ``Rule'') to respond to the development of new technologies and changed commercial practices. By doing so, the Commission seeks to accomplish four objectives: clarify that the Rule covers all Internet merchandise orders regardless of whether the buyer accesses the Internet through a telephone line, allow sellers to provide refunds and refund notices to buyers by any means at least as fast and reliable as first class mail, clarify sellers' obligations under the Rule for sales made using payment methods not specifically enumerated in the Rule, and require sellers to process any third party credit card refund within seven working days of a buyer's right to a refund vesting. Additionally, the FTC sets forth its interpretation of ``demand drafts'' as the functional equivalents of checks for purposes of the Rule.
Mail or Telephone Order Merchandise Rule
The FTC announces it is retaining the Mail or Telephone Order Merchandise Rule (``MTOR'' or ``Rule''). Based on previous Rule proceedings and after reviewing public comments received regarding the Rule's overall costs, benefits, and regulatory and economic impact, the Commission concludes that the Rule continues to benefit consumers and the Rule's benefits outweigh its costs. For clarity, the Commission is reorganizing the Rule by alphabetizing the definitions at the beginning of the Rule.
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