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###### Federal Trade Commission

# AGENCY:

Federal Trade Commission.

# ACTION:

Notice.

# SUMMARY:

                        The Federal Trade Commission (“FTC” or “Commission”) requests that the Office of Management and Budget (“OMB”) extend for an additional three years the current Paperwork Reduction Act (“PRA”) clearance for the information collection requirements in the Business                               ( print page 82478)                            Opportunity Rule (“Rule”). That clearance expires on January 31, 2021.                    

# DATES:

Comments must be submitted by January 19, 2021.

# ADDRESSES:

                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to                         *www.reginfo.gov/​public/​do/​PRAMain.*                         Find this particular information collection by selecting “Currently under Review—Open for Public Comments” or by using the search function.                    

# FOR FURTHER INFORMATION CONTACT:

Christine M. Todaro, Attorney, Division of Marketing Practices, Bureau of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Avenue NW, CC-8528, Washington, DC 20580, (202) 326-3711.

# SUPPLEMENTARY INFORMATION:

*Title of Collection:*                     Disclosure Requirements Concerning Business Opportunities, 16 CFR part 437.                

*OMB Control Number:*                     3084-0142.                

*Type of Review:*                     Extension without change of currently approved collection.                

*Affected Public:*                     Private Sector: Businesses and other for-profit entities.                

*Abstract:*                     The Business Opportunity Rule requires business opportunity sellers to furnish prospective purchasers a disclosure document that provides information regarding the seller, the seller's business, and the nature of the proposed business opportunity, as well as additional information to substantiate any claims about actual or potential sales, income, or profits for a prospective business opportunity purchaser. The seller must also preserve information that forms a reasonable basis for such claims. The Rule is designed to ensure that prospective purchasers receive information to help them evaluate business opportunities. Sellers must disclose five key items of information in a simple, one-page document: (1) The seller's identifying information; (2) whether the seller makes a claim about the purchaser's likely earnings (and, if yes, the seller must provide information supporting any such claims); (3) whether the seller, its affiliates, or key personnel have been involved in certain legal actions (and, if yes, the seller must provide a separate list of those actions); (4) whether the seller has a cancellation or refund policy (and, if yes, the seller must provide a separate document stating the material terms of such policies); and (5) a list of persons who have purchased the business opportunity within the previous three years. Misrepresentations and omissions are prohibited under the Rule, and for sales conducted in languages other than English, all disclosures must be provided in the language in which the sale is conducted.                

*Estimated Annual Burden Hours:*                     10,065.                

*Estimated Annual Labor Costs:*                     $703,141.                

*Estimated Annual Non-Labor Costs:*                     $3,057,203.[1] 

## Request for Comment

On July 28, 2020, the Commission sought comment on the information collection requirements associated with the Privacy Rule. 85 FR 45427 (July 28, 2020). No relevant comments were received. Pursuant to the OMB regulations, 5 CFR part 1320, the FTC is providing this second opportunity for public comment while seeking OMB approval to renew clearance for the Rule's information collection requirements.

Your comment—including your name and your state—will be placed on the public record of this proceeding. Because your comment will be made public, you are solely responsible for making sure that your comment does not include any sensitive personal information, like anyone's Social Security number, date of birth, driver's license number or other state identification number or foreign country equivalent, passport number, financial account number, or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, like medical records or other individually identifiable health information. In addition, do not include any “[t]rade secret or any commercial or financial information which is . . . privileged or confidential” as provided in Section 6(f) of the FTC Act 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16CFR 4.10(a)(2). In particular, do not include competitively sensitive information such as costs, sales statistics, inventories, formulas, patterns devices, manufacturing processes, or customer names.

Josephine Liu,

Assistant General Counsel for Legal Counsel. 

# Footnotes

1.                             This number differs slightly from the annual non-labor cost estimate ($3,056,503) published in the Commission's July 28, 2020                         **Federal Register**                         notice due to a transcription error relating to the number of entities marketing business opportunities in a language other than English.                    
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[FR Doc. 2020-27831 Filed 12-17-20; 8:45 am]

BILLING CODE 6750-01-P