Rule Concerning Cooling-Off Period for Sales Made at Homes or at Certain Other Locations

The Federal Trade Commission (``the Commission'') announces that it has concluded a review of its Trade Regulation Rule on Cooling- Off Period for Door-to-Door Sales (``Cooling-Off Rule'' or ``Rule''), and determined there is a continuing need for the Rule. This review was conducted as part of the Commission's ongoing program to review all of its rules and guides periodically. The Commission has also determined to issue non-substantive amendments to several Rule provisions. Specifically, the Commission is amending the Rule by renaming it so that it more clearly identifies the kinds of sales it covers and by inserting two notes, formerly at the end of the Rule, into the Rule itself. Moreover, the Commission is amending the Rule by adding a new section containing two exemptions to the Rule that the Commission granted, in November 1988, to certain sellers of arts and crafts and of automobiles. The Commission is also expanding the exemption for automobiles to include vans, trucks and other motor vehicles sold at temporary places of business by dealers having permanent places of business. Further, the Commission is amending the Rule by adding a parenthetical statement to the Rule's definition of the term ``Door-to- Door Sale.'' This new statement gives examples of kinds of sales locations covered by the Rule. The Commission is also amending the Rule's definition of ``Business Day'' to reflect changes in federal holidays. Finally, the Commission is amending the Rule to make the typeface used in the sample ``Notice of Cancellation'' more readable and to substitute the gender neutral words ``the buyer'' or ``the buyer's'' for the pronouns ``he,'' ``his,'' and ``him.''