FTC Seeks to Extend Dispute Settlement Rule Clearance
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Federal Trade Commission wants to extend the permission for gathering information related to informal dispute settlement mechanisms until 2026. This affects auto manufacturers and dispute resolution systems that rely on these procedures. Stakeholders should provide feedback by June 2026.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The FTC seeks to extend the rule for three more years.
- Comments are invited for changes before the extended deadline.
- Higher estimated cost and burden hours due to increased dispute numbers.
Obligations
What this law requires
Automobile manufacturers must file comments on the proposed extension of the information collection requirements of the Dispute Settlement Rule by June 16, 2026.
Informal Dispute Settlement Mechanisms (IDSMs) must maintain records of each consumer warranty dispute.
IDSMs must update indexes and complete semiannual statistical summaries as part of their reporting requirements to the FTC.
IDSMs must submit an annual audit report to the FTC.
Automobile manufacturers must create, revise, and distribute informational materials regarding the IDSM and its procedures annually.