OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Disclosure Requirements for Franchising and Business Opportunity Ventures (

ICR 200612-3084-003 · OMB 3084-0107 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Franchise Rule 83-C.pdf Justification for No Material/Nonsubstantive Change Uploaded 2007-01-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
46498 Part 437 of Franchise Rule For Established Entities (Business Opportunity Sellers) New
46496 Part 437 of Franchise Rule For New Entrants (Business Opportunity Sellers) New
46494 Part 436 of Franchise Rule For Established Entities (Business Format Franchisors) New
32310 Part 436 of Franchise Rule For New Entrants (Business Format Franchisors) Modified
ICR Details
3084-0107 200612-3084-003
Historical Active 200508-3084-002
FTC
Disclosure Requirements for Franchising and Business Opportunity Ventures (
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/26/2007
Retrieve Notice of Action (NOA) 01/25/2007
  Inventory as of this Action Requested Previously Approved
10/31/2008 10/31/2008 10/31/2008
500,000 0 500,000
36,250 0 37,000
11,887,500 0 12,027,000
The Franchise Rule requires franchisors and franchise brokers to furnish a disclosure document to prospective franchisees prior to sale. Prospective franchisees use the information to become more informed about the proposed investment and to verify representations made by a franchisor.
None
None
Not associated with rulemaking
No
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 500,000 500,000 0 0 0 0
Annual Time Burden (Hours) 36,250 37,000 0 0 -750 0
Annual Cost Burden (Dollars) 11,887,500 12,027,000 0 0 -139,500 0
No
No
As further explained in the uploaded supplementary document, Commission staff has identified several inadvertent errors with respect to the PRA analysis contained in the FTC’s 2005 submission to OMB for the Rule. Commission staff, therefore, seeks the following adjustments to the FTC’s previous burden estimates: the total annual burden hours estimate for the Rule should be adjusted to 36,250 hours (a decrease of 750 hours) and the total annual non-labor cost estimate for the Rule should be adjusted to $11,887,500 (a decrease of $139,500).
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Steven Toporoff 202 326-3135 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
01/25/2007