federal_register: 2011-24354

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2011-24354 Mail or Telephone Order Merchandise Rule Proposed Rule The FTC proposes amending the Mail or Telephone Order Merchandise Rule ("MTOR" or "Rule") to respond to the development of new technologies and changed commercial practices. By doing so, the Commission seeks to accomplish four objectives: clarify that the Rule covers all Internet merchandise orders regardless of whether the buyer accesses the Internet through a telephone line, allow sellers to provide refunds and refund notices to buyers by any means at least as fast and reliable as first class mail, clarify sellers' obligations under the Rule for sales made using payment methods not specifically enumerated in the Rule, and require sellers to process any third party credit card refund within seven working days of a buyer's right to a refund vesting. Additionally, the FTC sets forth its interpretation of "demand drafts" as the functional equivalents of checks for purposes of the Rule. 2011-09-30 2011 9 https://www.federalregister.gov/documents/2011/09/30/2011-24354/mail-or-telephone-order-merchandise-rule https://www.govinfo.gov/content/pkg/FR-2011-09-30/pdf/2011-24354.pdf Federal Trade Commission 192 The FTC proposes amending the Mail or Telephone Order Merchandise Rule ("MTOR" or "Rule") to respond to the development of new technologies and changed commercial practices. By doing so, the Commission seeks to accomplish four objectives: clarify that...  

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