[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Page 35820]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17363]
[[Page 35820]]
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FEDERAL TRADE COMMISSION
[Dkt. C-3729]
Pre-Paid Legal Services, Inc.; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order prohibits, among other things, an
Oklahoma-based corporation from making certain false and misleading
claims concerning the benefits and appropriateness of living trusts or
any legal instrument or service it offers and requires the respondent
to clearly and conspicuously disclose to consumers that such trusts may
be legally challenged on similar grounds as wills, that living trusts
may not be appropriate in all instances, and that the transfer of an
individual's assets into a living trust is not included in the price of
creating the trust. In addition, the respondent must offer a $165
refund to every purchaser of an American Association for Senior
Citizens trust who hasn't already received a refund and who doesn't
live in certain states that have already been offered partial refunds
in connection with an earlier multi-state settlement.
DATES: Complaint and Order issued April 4, 1997.\1\
\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT: Janice Charter, Federal Trade
Commission, Denver Regional Office, 1961 Stout St., Suite 1523, Denver,
CO 80294, (303) 844-2272.
SUPPLEMENTARY INFORMATION: On Wednesday, January 29, 1997, there was
published in the Federal Register, 62 FR 4290, a proposed consent
agreement with analysis In the Matter of Pre-Paid Legal Services, Inc.,
for the purpose of soliciting public comment. Interested parties were
given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interprets or applies sec. 5,
38 Stat. 719, as amended; 15 U.S.C. 45)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17363 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M
