{"data":{"id":"us-ky/krs-367.46977","jurisdiction":"us-ky","citation":"KRS 367.46977","heading":"Disclosure requirements for sale presentations.","body":"(1) If the merchant or telemarketer represents or implies that the consumer will receive\na prize, award, or similar item of value from a number of such prizes or awards, all\nsales presentations shall include the actual number of individuals who have received\nthe item having the greatest value, a description of the item, the market value of the\nitem, the number of prizes to be awarded, the conditions to receive the item, the\nodds of winning, the statement that no purchase is necessary to win the prize or to\nparticipate in the promotion, and the actual number of individuals who have\nreceived the item with the least value within the preceding twelve (12) months or\nsince the merchant or telemarketer has been in business if less than twelve (12)\nmonths.\n(2) If the me rchant or telemarketer is offering real estate, an investment, business, or\nemployment opportunity, the sales presentation shall include the following:\n(a) The number of consumers or investors who have participated to date;\n(b) The actual experience of the  consumers or investors as measured by the\nstandards used in the sales presentations; and\n(c) The price of the real estate or investment;\n(d) The location of the real estate or investment;\n(e) Regarding an investment or business opportunity, the reasonable  likelihood of\nsuccess and a notice of the risk; and\n(f) If the opportunity is so recent that no actual performance experience exists,\nthat fact shall be disclosed in all sales presentations, and no other\nrepresentation of performance shall be made in sales presentations.\n(3) If the sales presentation includes representations of prices below those usually\ncharged for items, the sales presentation shall include the name of the manufacturer,\nimporter, or supplier of such items and the locations within the mer chant's or\ntelemarketer's calling state or this state at which the items are offered at usual\nprices. If the item has never been sold in the merchant's or telemarketer's calling\nstate or this state no representation of usual selling price shall be made.\n(4) If presenting information on merchandise or service, the total cost of the goods or\nservices that are the subject of the call shall be given.\n(5) If any restrictions, limitations, or conditions for the purchase or investment exist,\nthese shall be disclosed during the telephone sales presentation.\n(6) Terms for refunds, cancellation, exchange, or repurchase of the subject of the sales\npresentation shall be disclosed during the telephone sales presentation.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34978","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:04Z","sha256":"e386f87ee1c3680ab908852bb3e38d85fa6895395f06f862c2511faa43edae52","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.46973","next":"us-ky/krs-367.46981"},"notice":"GroundRules: Original legal text. Not legal advice."}