Source: https://www.law.cornell.edu/cfr/text/16/703.5
Timestamp: 2017-08-22 07:29:48
Document Index: 252975224

Matched Legal Cases: ['art 703', '§ 703', '§ 703', '§ 2309', '§ 2310', 'art 703', 'arts 700', 'art 700', 'art 239']

16 CFR 703.5 - Operation of the Mechanism. | US Law | LII / Legal Information Institute
CFR › Title 16 › Chapter I › Subchapter G › Part 703 › Section 703.5
16 CFR 703.5 - Operation of the Mechanism.
(c) The Mechanism shall investigate, gather and organize all information necessary for a fair and expeditious decision in each dispute. When any evidence gathered by or submitted to the Mechanism raises issues relating to the number of repair attempts, the length of repair periods, the possibility of unreasonable use of the product, or any other issues relevant in light of Title I of the Act (or rules thereunder), including issues relating to consequential damages, or any other remedy under the Act (or rules thereunder), the Mechanism shall investigate these issues. When information which will or may be used in the decision, submitted by one party, or a consultant under § 703.4(b) of this part, or any other source tends to contradict facts submitted by the other party, the Mechanism shall clearly, accurately, and completely disclose to both parties the contradictory information (and its source) and shall provide both parties an opportunity to explain or rebut the information and to submit additional materials. The Mechanism shall not require any information not reasonably necessary to decide the dispute.
(j) Decisions of the Mechanism shall not be legally binding on any person. However, the warrantor shall act in good faith, as provided in § 703.2(g) of this part. In any civil action arising out of a warranty obligation and relating to a matter considered by the Mechanism, any decision of the Mechanism shall be admissible in evidence, as provided in section 110(a)(3) of the Act, 15 U.S.C. 2310(a)(3).
[ 40 FR 60215, Dec. 31, 1975, as amended at 80 FR 42722, July 20, 2015]
§ 2309 - Procedures applicable to promulgation of rules by Commission
§ 2310 - Remedies in consumer disputes
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 16 CFR Part 703 after this date.
FR Doc. 2015-14065
RIN 3084-AB24
Final revised Interpretations; Final clerical changes to Rules; and Conclusion of review proceedings.
The changes to the Interpretations and Rules will take effect on July 20, 2015.
16 CFR Parts 700, 701, and 703
The Federal Trade Commission (“the Commission”) is announcing its final action in connection with the review of a set of warranty-related Rules and Guides: The Interpretations of the Magnuson-Moss Warranty Act (“Interpretations” or “part 700”); the Rule Governing Disclosure of Written Consumer Product Warranty Terms and Conditions (“Rule 701”); the Rule Governing Pre-Sale Availability of Written Warranty Terms (“Rule 702”); the Rule Governing Informal Dispute Settlement Procedures (“Rule 703”); and the Guides for the Advertising of Warranties and Guarantees (“the Guides” or “part 239”). The Interpretations represent the Commission&apos;s views on various aspects of the Magnuson-Moss Warranty Act (“the Act” or “MMWA”), and are intended to clarify the Act&apos;s requirements. Rule 701 specifies the information that must appear in a written warranty on a consumer product. Rule 702 details the obligations of sellers and warrantors to make warranty information available to consumers prior to purchase. Rule 703 specifies the minimum standards required for any informal dispute settlement mechanism that is incorporated into a written consumer product warranty, and that the consumer must use prior to pursuing any legal remedies in court. The Guides are intended to help advertisers avoid unfair or deceptive practices in the advertising of warranties or guarantees.
16 CFR 703.8 — Openness of Records and Proceedings.
16 CFR 703.6 — Recordkeeping.