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The FTC adopted three Rules under the Act, the Rule on Disclosure of Written Consumer Product Warranty Terms and Conditions (the Disclosure Rule), the Rule on Pre-Sale Availability of Written Warranty Terms (the Pre-Sale Availability Rule), and the Rule on Informal Dispute Settlement Procedures (the Dispute Resolution ...
What the Magnuson-Moss Act Requires As a warrantor, you must designate, or title, your written warranty as either "full" or "limited." As a warrantor, you must state certain specified information about the coverage of your warranty in a single, clear, and easy-to-read document.
The Magnuson-Moss Act makes it easier for consumers to sue for breach of warranty by making breach of warranty a violation of federal law. The Act allows the consumer more control over whether a case is heard in federal or state court.
Of the Magnuson-Moss Warranty Act in federal court, provided that no such claim would be cognizable ?if the amount in controversy is less than the sum or value of $50,000 (exclusive of interests and costs) computed on the basis of all claims to be determined in this suit.? 28 U.S.C.
What are the Requirements of the Magnuson-Moss Warranty Act? The FTC requires that a merchant warranting a consumer product disclose, fully and conspicuously, in simple and readily understood language, the terms and conditions of the warranty.
Written warranties must be titled either ?full? or ?limited.? Warranties must outline the coverage they provide using language that is easy to understand. Warranties must be available for consumers wherever the product they cover is sold.
A "consumer" may sue a "supplier, warrantor, or service contractor" for breach of a written warranty, implied warranty, or service contract, and for a violation of the Act.
Requirements of the Magnuson-Moss Act Warrantors must designate or title a written warranty as either "full" or "limited". Warrantors must state certain information about the coverage of the warranty in a single, clear, and easily readable document.