The Federal Trade Commission's (FTC) Funeral Rule requires all funeral providers to give information to consumers to help them choose the services and products they want for their deceased relative or friend. Funeral providers must give you a general price of products and services when you ask in person about funeral arrangements and you have the right to keep this list. Furthermore, funeral providers must make price information available over the phone upon request. The funeral provider must give you any other information that is reasonably needed to select the funeral provider and funeral items you want, need, and are able to afford.
If the funeral provider charges a fee for buying "cash advance items," this must be disclosed to you in writing. Cash advance items are those goods and services paid for by the funeral provider on your behalf, such as cemetery plots, flowers, obituary notices, and clergy honoraria. You must also be notified if a service fee is added to the price of cash advance items, and if the funeral provider gets a refund, discount or rebate from the supplier of any cash advance item.
Oklahoma Prearranged Funeral Contract with Statutory Disclosures is a legal document that outlines the terms and conditions regarding prearranged funeral arrangements in the state of Oklahoma. This contract ensures that individuals who choose to plan their funeral in advance are protected by laws governing the funeral industry. In Oklahoma, there are several types of Prearranged Funeral Contracts with Statutory Disclosures, each serving a specific purpose and catering to different needs: 1. Revocable Prearranged Funeral Contract: This type of contract allows individuals to make changes or even cancel their funeral arrangements without penalties. It offers flexibility in case preferences change or circumstances require modifications. 2. Irrevocable Prearranged Funeral Contract: In contrast, an irrevocable contract locks in the funeral arrangements and prohibits any alterations or cancellations without justification. This type of contract is often chosen for those seeking to qualify for Medicaid or other government assistance programs. 3. Prearranged Funeral Trust: This type of contract involves setting up a trust account, where funds are deposited to cover the future cost of funeral services and related expenses. The trust is managed by a trusted third party, ensuring that the funds are safely allocated and protected until they are required. 4. Preened Funeral Insurance: This contract involves purchasing an insurance policy specifically designed to cover funeral costs. The policyholder makes regular premium payments, and upon their passing, the designated beneficiaries receive the funds needed to fulfill the prearranged funeral arrangements. Regardless of the type of Prearranged Funeral Contract with Statutory Disclosures chosen, it is important to understand the statutory disclosures mentioned within the contract. These disclosures outline the rights and obligations of both the funeral provider and the individual purchasing the contract. Statutory disclosures may include information on the transferability of the contract, the itemization of goods and services being provided, the availability of refunds or cancellations, the procedures to file a complaint or grievance, and any penalties for non-compliance. It is crucial for individuals considering a prearranged funeral contract in Oklahoma to review, understand, and retain a copy of the contract with statutory disclosures as it serves as a legally binding agreement between both parties. Seeking legal advice or consulting with a licensed funeral director can help ensure all requirements and obligations are comprehended before entering into such an agreement.Oklahoma Prearranged Funeral Contract with Statutory Disclosures is a legal document that outlines the terms and conditions regarding prearranged funeral arrangements in the state of Oklahoma. This contract ensures that individuals who choose to plan their funeral in advance are protected by laws governing the funeral industry. In Oklahoma, there are several types of Prearranged Funeral Contracts with Statutory Disclosures, each serving a specific purpose and catering to different needs: 1. Revocable Prearranged Funeral Contract: This type of contract allows individuals to make changes or even cancel their funeral arrangements without penalties. It offers flexibility in case preferences change or circumstances require modifications. 2. Irrevocable Prearranged Funeral Contract: In contrast, an irrevocable contract locks in the funeral arrangements and prohibits any alterations or cancellations without justification. This type of contract is often chosen for those seeking to qualify for Medicaid or other government assistance programs. 3. Prearranged Funeral Trust: This type of contract involves setting up a trust account, where funds are deposited to cover the future cost of funeral services and related expenses. The trust is managed by a trusted third party, ensuring that the funds are safely allocated and protected until they are required. 4. Preened Funeral Insurance: This contract involves purchasing an insurance policy specifically designed to cover funeral costs. The policyholder makes regular premium payments, and upon their passing, the designated beneficiaries receive the funds needed to fulfill the prearranged funeral arrangements. Regardless of the type of Prearranged Funeral Contract with Statutory Disclosures chosen, it is important to understand the statutory disclosures mentioned within the contract. These disclosures outline the rights and obligations of both the funeral provider and the individual purchasing the contract. Statutory disclosures may include information on the transferability of the contract, the itemization of goods and services being provided, the availability of refunds or cancellations, the procedures to file a complaint or grievance, and any penalties for non-compliance. It is crucial for individuals considering a prearranged funeral contract in Oklahoma to review, understand, and retain a copy of the contract with statutory disclosures as it serves as a legally binding agreement between both parties. Seeking legal advice or consulting with a licensed funeral director can help ensure all requirements and obligations are comprehended before entering into such an agreement.
