Federal Register #2026-08686

FTC Seeks Public Comment on Extension of Franchise Rule Information Collection

The Federal Trade Commission (FTC) is seeking public comment on its proposal to extend the Office of Management and Budget (OMB) clearance for information collection requirements under the Franchise Rule. - Government Buyer: - Federal Trade Commission (FTC) - Products/Services Requested: - Extension of information collection and recordkeeping requirements for franchisors under the Franchise Rule (16 CFR part 436) - Franchisors must provide Franchise Disclosure Documents (FDD) to prospective purchasers - Franchisors must maintain records, including copies of FDDs and supporting information for financial performance claims, for three years - Information collection and recordkeeping requirements for providers of mortgage assistance relief services under Regulation O (12 CFR part 1015), enforced jointly by FTC and Consumer Financial Protection Bureau (CFPB) - Unique/Notable Requirements: - Approximately 4,000 franchisors are affected - Annual burdens include updating and preparing disclosure documents and recordkeeping - No specific OEMs or vendors are mentioned, as this is a regulatory information collection extension, not a product or service procurement - OEMs: - No OEMs or commercial vendors are specified, as this is a regulatory notice - Locations: - Federal Trade Commission, Office of the Secretary, Washington, DC

Description

The Federal Trade Commission (FTC) is seeking public comment on its proposal to extend for an additional three years the Office of Management and Budget (OMB) clearance for information collection requirements in its Trade Regulation Rule on Disclosure Requirements and Prohibitions Concerning Franchising (Franchise Rule). This rule ensures that consumers considering a franchise investment have access to material information to make informed decisions. The clearance is set to expire on August 31, 2026, and comments must be filed by July 6, 2026.

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