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Combating Auto Retail Scams Trade Regulation Rule

FTC · final-rule · Published 2024-01-04 · Effective 2024-07-30 · 89 FR 590

Document

Document number
2023-27997
Federal Register citation
89 FR 590
CFR reference
16 CFR 463
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Trade Commission
Publication date
2024-01-04
Effective date
2024-07-30

Abstract

The Federal Trade Commission ("FTC" or "Commission") is issuing this Combating Auto Retail Scams Trade Regulation Rule ("CARS Rule," "Rule," or "Final Rule") and Statement of Basis and Purpose ("SBP") related to the sale, financing, and leasing of covered motor vehicles by covered motor vehicle dealers. The Final Rule, among other things, prohibits motor vehicle dealers from making certain misrepresentations in the course of selling, leasing, or arranging financing for motor vehicles, requires accurate pricing disclosures in dealers' advertising and sales communications, requires dealers to obtain consumers' express, informed consent for charges, prohibits the sale of any add-on product or service that confers no benefit to the consumer, and requires dealers to keep records of certain advertisements and customer transactions.

Source

Authoritative
Federal Register document
Machine
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