2 minute read

OUN[AilN $il4[E$

By KENT MOXEY executive jsecretary

f HIS is a good time to review

I some of the requirements of the federal laws and regulations that apply to your business. I just made the rounds of the government offices and picked up supplies of the latest issues of regulations, brochures, etc., so take advantage of this. If there is anything else you want, let me know, glad to help; sorry, but this service is for members only:

(1) Rules under Magnuson-Moss

Warranty Act. Disclosure of written consumer product warranty terms and conditions; pre-sale availability of written warranty terms and informal dispute settlement procedures. We also send with this two summaries to help you unclerstand the retailers' responsi- bility when selling consumer products manufactured after Dec. 3l, 1976 which are covered by written warranties.

(2) Regulation Z-Truth in Lending and Fair Credit Billing. This applies to dealers engaged in consumer credit. Also sent to you with this will be a resume by MSLDA which will help you determine if and how you are covered by the regulation.

(3) Regulation B-Equal Credit nancing or does not padicipate in preparation of contract documents with the knowledge of the credit terms is not an arranger of credit.

A creditor who provides a home ihprovement loan need not disclose security interest arising only out of the separate cash transaction with non-creditor contractor whose seryices are purchased with loan proceeds. A Notice of Right of Rescission need not be furnished before consummation of the credit transaction.

A creditor who provides a home improvement loan need not provide the right of rescission where a security interest in a borrower's principal residence may be obtained only by a non-creditor contractor whose services are purchased with the loan proceeds.

Opportunity. This regulates how you treat application for credit. It is not too long, so you don't need a summary. Included is a release on a new amendment expanding coverage of this regu- lation March 23, 197'l to apply to several reasons for discrimination in addition to sex and marital status.

(4) Federal Motor Carrier Safety Regulations of the Department of Transportation. Applies to interstate trucking, including private carriers. If your trucks cross state lines, you should have this.

(5) Handy reference guide to the Fair Labor Standards Act. Covers basic wage & hour standards, including overtime rules, exemptions, equal pay, child labor provisions, and recordkeeping requirements.

(6) Executive, administrative, professional and outside salesmen exemptions under the Fair Labor Standards Act. A detailed guide.

(7) Retail and service establishments under the Fair Labor Standards.

We are now handling sales for the Medford Corporation of Medford, Or. Let us take the hassle out of filling your requirements in PII\IE and CEDAR commons, dimension and shop and better.

For your convenience loadings include llst cars, double door box cars and truck and trailer.

Other services we can offer are unitized loads, paper wrapping, re-sawing, patterns, stopover carloads.

Call us today, you'll be glad you did.

This article is from: