KRS 367.46973: Contents of filing.

Each filing pursuant to KRS 367.46971 shall contain the following information:

(1) The name or names of the telemarketing company, including the name under which

the telemarketing company is doing or intends to do business, if different from the

name of th e telemarketing company, and the name of any parent or affiliated

organization that will engage in business transactions with purchasers relating to

sales solicited by the telemarketing company, or that accepts responsibility for

statements made by, or acts of, the telemarketing company relating to sales solicited

by the telemarketing company;

(2) The telemarketing company's business form and place of organization and, if the

telemarketing company is a corporation, a copy of its articles of incorporation an d

bylaws and amendments to those, or, if a partnership, a copy of the partnership

agreement, or if operating under a fictitious business name, the location where the

fictitious name has been registered, along with a copy of the registration documents.

The same information shall be included for any parent or affiliated organization

disclosed pursuant to subsection (1) of this section;

(3) The complete street address of all locations designating the principal location from

which the telemarketing company will be conducting business. If the principal

business location of the telemarketing company is not in this state, then the

telemarketing company shall also designate which of its locations within this state is

its main location;

(4) A listing of all telephone numbers to be used by the telemarketing company and the

address where each telephone using each of these telephone numbers is located;

(5) The name of and the office held by the telemarketing company's officers, directors,

trustees, general and limited pa rtners, sole proprietor, and owners and the names of

persons having management responsibilities in the telemarketing company's

business activities;

(6) The principal residence, the date of birth, and the driver's license number and state

of issuance of each person named pursuant to subsection (5) of this section;

(7) The name and principal residence of each person the telemarketing company leaves

in charge at each location in which the telemarketing company does business in this

state, and the business location at which each of these persons is in charge;

(8) A statement, meeting the requirements of this subsection, as to both the

telemarketing company, whether a corporation, partnership, firm, association, joint

venture, or any other type of business entity and as to any person identified pursuant

to subsection (5) or (7) of this section who:

(a) Has been convicted of a felony or a misdemeanor involving a violation of this

article, or fraud, theft, embezzlement, fraudulent conversion, or

misappropriation of property. For purposes of this paragraph, a plea of nolo

contendere shall be considered a conviction;

(b) Has had entered against him a final judgment or order in a civil or

administrative action, including a stipulated judgment or order, if the

complaint or petition in the civil or administrative action alleged acts

constituting a violation of KRS 367.46951 to 367.46999, fraud, theft,

embezzlement, fraudulent conversion, or misappropriation of property, the use

of untrue or misleading representations in an attempt to sell or dispose of real

or personal property, or the use of unfair, unlawful, or deceptive business

practices;

(c) Is subject to an injunction or restrictive court order relating to business

activity as the result of an action brought by a fede ral, state, or local public

agency or unit of that agency, including but not limited to an action affecting

any vocational license; or

(d) Has during the previous seven (7) tax years filed in bankruptcy, been adjudged

a bankrupt, been reorganized due to in solvency, or been a principal, director,

officer, trustee, general or limited partner, or had management responsibilities

of any other corporation, partnership, joint venture, or business entity that has

so filed or was so adjudicated or reorganized, durin g or within one (1) year

after the period that the person held that position.

The statement required by par agraphs (a), (b), and (c) of this subsection shall

identify the telemarketing company or person, the court or administrative agency

rendering the conviction, judgment, or order, the docket number of the matter, the

date of the conviction, judgment, or orde r, and the name of the governmental

agency, if any, that brought the action resulting in the conviction, judgment, or

order. For purposes of paragraph (d) of this section, the statement required shall

include the name and location of the telemarketing comp any or person filing in

bankruptcy, adjudged a bankrupt, or reorganized due to insolvency, and shall

include the date thereof, the court which exercised jurisdiction, and the docket

number of the matter;

(9) A list of the names, driver's license numbers an d states of issuance, principal

residence addresses, and telephone numbers of salespersons who solicit on behalf of

the telemarketing company, and any names the salesperson uses while soliciting;

(10) A description of the items the telemarketing company is offering for sale and a copy

of all sales scripts the telemarketing company requires salespersons to use when

soliciting prospective purchasers. If no sales script is required to be used, a

statement to that effect shall be included;

(11) A copy of all sa les information and literature including but not limited to scripts,

outlines, instructions, and information regarding how to conduct telephonic sales,

sample introductions, sample closings, product information, and contest or

premium-award information provided by the telemarketing company to salespersons

or of which the telemarketing company informs salespersons, and a copy of all

written materials the telemarketing company sends to any prospective or actual

purchaser;

(12) (a) If the telemarketing company represents or implies, or directs salespersons to

represent or imply, to purchasers that the purchaser will receive certain

specific items, including a certificate of any type which the purchaser must

redeem to obtain the item described in the certificate, or one (1) or more items

among designated items, whether the items are denominated as gifts,

premiums, bonuses, prizes, or otherwise, the filing shall include the following:

1. A list of the items offered;

2. The actual value or worth of each item descri bed to prospective

purchasers and the basis for the valuation; and

3. The price paid by the telemarketing company to its supplier for each of

these items and the name, address, and telephone number of each item's

supplier;

(b) If the purchaser is to receiv e fewer than all of the items described by the

telemarketing company, the filing shall include the following:

1. The manner in which the telemarketing company decides which item

each prospective purchaser is to receive;

2. The odds a single prospective pur chaser has of receiving each described

item;

3. The name and address of each recipient who has, during the preceding

twelve (12) months, or if the telemarketing company has not been in

business that long, during the period the telemarketing company has

been in business, received the item having the greatest value and the

item with the smallest odds of being received; and

4. All rules, regulations, terms, and conditions a prospective purchaser

must meet in order to receive the item; and

(13) If the telemarke ting company is offering an investment, business, or employment

opportunity, the filing shall include the following:

(a) The number of consumers or investors who have participated to date;

(b) The actual experience of the consumers or investors as measured by standards

used in the sales presentations; and

(c) If the opportunity is so recent that no actual performance experience exists,

that fact shall be disclosed in all sales presentations, and no other

representation of performance shall be made in sales presentations.