OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

The Used Car Rule

ICR 201511-3084-004 · OMB 3084-0108 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Used Car Final Rule Suppl. SS fin.pdf Supporting Statement A Uploaded 2016-09-01 Available
IC Document Collections
IC IDCollectionTypeStatusForm
32313 Used Car Dealers Ordering & Stocking Buyers Guides Modified
213587 Optional disclosures concerning non-dealer warranties Modified
213583 Used cars for vehicle history disclosures Removed
182996 Spanish lang. sales: displaying Buyers Guides on used cars Modified
182995 Spanish lang. sales: data entry on Buyers Guides for used cars with wty Modified
182994 Spanish lang. sales: data entry on Buyers Guides for used cars w/o wty Modified
182993 Revising Buyers Guides as necessary Modified
182991 Displaying Buyers Guides on used cars Modified
182990 Entering data on Buyers Guides for used cars with warranty Modified
182989 Entering data on Buyers Guides on used cars w/o a warranty Modified
ICR Details
3084-0108 201511-3084-004
Historical Active 201410-3084-004
FTC
The Used Car Rule
Revision of a currently approved collection   No
Regular
Approved without change 12/12/2016
Retrieve Notice of Action (NOA) 11/10/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved 01/31/2017
66,614,829 0 61,793,888
2,275,699 0 2,296,226
10,487,457 0 8,687,400
Following public comments on its 2012 proposed amendments (ICR Ref. No. 201206-3084-002) and 2014 supplemental proposed amendments (ICR Ref. No. 201410-3084-004) to its Used Motor Vehicle Trade Regulation Rule (“Rule” or “Used Car Rule”), the Federal Trade Commission (“FTC” or “Commission”) amends the Rule by: (1) adding a Buyers Guide statement recommending that consumers obtain a vehicle history report (“VHR”), check for safety recalls, and visit an FTC website for more information; (2) revising the Buyers Guide statement describing the meaning of an “As Is” sale in which a dealer offers a vehicle for sale without a warranty; (3) adding boxes to the front of the Buyers Guide where dealers could indicate additional warranty and service contract coverage; and (4) adding a Spanish statement to the English Buyers Guide advising Spanish-speaking consumers, who cannot read the English Buyers Guide, to ask for a Spanish Buyers Guide if the dealer conducts a sale in Spanish.
US Code: 15 USC 2301-2132 Name of Law: Magnuson-Moss Warranty Act
  
None
3084-AB05 Final or interim final rulemaking 81 FR 81664 11/18/2016
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 66,614,829 61,793,888 0 6,991,638 -2,170,697 0
Annual Time Burden (Hours) 2,275,699 2,296,226 0 58,264 -78,791 0
Annual Cost Burden (Dollars) 10,487,457 8,687,400 0 2,097,491 -297,434 0
Yes
Changing Regulations
No
The estimates for optional disclosures under the final amendments, applied to the updated estimate of 27,966,551 used cars sold per year, yields an estimated incremental burden of 58,264 hours. Estimating that dealers will make the optional disclosures on 25% of the 27,966,551 used cars offered for sale, and assuming further a cost of thirty cents per preprinted Buyers Guide, incremental purchase costs per year will total $2,097,491. Apart from the incremental effects of the rule amendments, the downward adjustments to estimates concern the pre-existing ICs for which newer, lower estimated number of used car dealers and used cars sold apply. Those adjustments aggregate to 77,108 fewer hours and a reduction of $297,434 for incremental purchase costs for Buyer Guides per used vehicle.
$0
No
No
No
No
No
Uncollected
John Hallerud 312 960-5615 [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.
11/10/2016