New regulations governing warranties on consumer products will make it easier and more cost-effective for consumer product manufacturers and suppliers to satisfy the federally-mandated warranty notification requirements. On September 6, 2016, the FTC announced its approval of new regulations implementing the provisions of the E-Warranty Act of 2015. The E-Warranty Act, signed into law by President Obama last September, modernized the Magnuson-Moss Warranty Act of 1975 (the "MMWA") by allowing manufacturers and suppliers of retail products to publish the terms and conditions of consumer product warranties online rather than including them with the products themselves. The new rules became effective on October 17, 2016.
Please click here to read the full Alert.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.