Current through February 27, 2024
Each telephonic seller shall, in the written contract required
under AS
45.63.020, provide the following information
to each prospective buyer:
(1) if the
telephonic seller represents or implies that a prospective buyer will receive,
without charge, an item or items in addition to the primary item for sale,
whether the items are denominated as gifts, premiums, bonuses, prizes, or
otherwise, the telephonic seller shall provide the following:
(A) the actual physical address of the
location from which the telephonic seller is soliciting the prospective buyer
and, if different, the complete street address of the telephonic seller's
principal location;
(B) the total
number of individuals who have actually received from the telephonic seller,
during the preceding 12 months, or if the telephonic seller has not been in
business that long, during the period the telephonic seller has been in
business, the described items;
(C)
the odds the prospective buyer has of actually receiving each item
listed;
(D) all terms and
conditions the prospective buyer must meet to obtain the items;
(E) the actual market value of the items,
with an explanation of the basis for the valuation, together with a statement
of the price paid by the telephonic seller for the items; and
(F) a statement of the manner in which the
telephonic seller decides which items the prospective buyer will
receive;
(2) if the
telephonic seller is offering to sell any metal, stone, or mineral, the
telephonic seller shall provide the following information:
(A) the actual physical address from which
the telephonic seller is soliciting the prospective buyer and, if different,
the complete street address of the telephonic seller's principal location;
and
(B) the name, address and
telephone number of each of the telephonic seller's suppliers and a description
of each metal, stone, or mineral to be purchased; and
(C) a complete disclosure of the terms and
conditions the prospective buyer must meet to take actual physical possession
of the metal, stone, or mineral.
(3) if the telephonic seller is offering to
sell an interest in oil, gas, or mineral fields, wells, or exploration sites,
the telephonic seller shall provide the following information:
(A) the complete street address of the
location from which the telephonic seller is soliciting the prospective buyer
and, if different, the complete street address of the telephonic seller's
principal location;
(B) a complete
disclosure of the telephonic seller's interest in the property;
(C) the total number of interests to be sold
in each oil, gas, or mineral field, well, or exploration site; and
(D) documents supporting any claims made by
the telephonic seller that the oil, gas, or mineral field, well, or exploration
site has a particular return potential, or that it has been investigated and
found to have a potential for return on investment.
(4) if the telephonic seller represents that
office equipment or supplies being offered are offered at prices which are
below those usually charged for those items, the telephonic seller shall
provide the following information:
(A) the
complete street address of the location from which the telephonic seller is
soliciting the prospective buyer and, if different, the complete street address
of the telephonic seller's principal location; and
(B) the name of the manufacturer of each of
the items the telephonic seller has represented for sale and in which the
prospective buyer expresses interest.
(5) if the telephonic seller represents that
advertising in the "yellow pages" or any directory is being offered for sale at
prices which are below those usually charged for those items, the telephonic
seller shall provide the following information:
(A) the complete street address of the
location from which the telephonic seller is soliciting the prospective buyer,
and if different, the complete street address of the telephonic seller's
principal location; and
(B) the
name of the publisher, how many times the publication has been issued in
separate editions, how many copies have been printed, where it has been
distributed, and if the publication has ever been distributed in this state by
the publisher.
Authority:AS
45.63.010
AS 45.63.020
AS
45.63.090
