16 CFR 437.7: Record retention.
Where this section sits in the code
- Title 16—Commercial Practices
- CHAPTER I—FEDERAL TRADE COMMISSION
- SUBCHAPTER D—TRADE REGULATION RULES
- PART 437—BUSINESS OPPORTUNITY RULE
To prevent the unfair and deceptive acts or practices specified in this Rule, business opportunity sellers and their principals must prepare, retain, and make available for inspection by Commission officials copies of the following documents for a period of three years:
(a) Each materially different version of all documents required by this Rule;
(b) Each purchaser's disclosure receipt;
(c) Each executed written contract with a purchaser; and
(d) All substantiation upon which the seller relies for each earnings claim from the time each such claim is made.
Collected 2026-08-27T02:24:29Z. Source file · JSON