Consumer Law and Agencies Chapter 32 Section 1 Part 2

Federal Statutes  Magnuson-Moss Consumer Product Warranty Act Magnuson-Moss Consumer Product Warranty Act Magnuson-Moss Consumer Product Warranty Act  Consumer Product Safety Act Consumer Product Safety Act Consumer Product Safety Act  Food, Drug, and Cosmetic Act Food, Drug, and Cosmetic Act Food, Drug, and Cosmetic Act

Magnuson-Moss Consumer Product Warranty Act  1975  Governs written warranties for all products more than $15  Sets minimum standards, rules, and provisions for lawsuits against manufacturers  Enforced by the FTC

Consumer Product Safety Act  1972  Established the Consumer Product Safety Commission  Monitors safety of more than 15,000 nonfood items like toys and household products  When product is defective CPSC can: –Issue a safety alert –Require a warning label –Recall the product –Prohibit the sale

Food, Drug, and Cosmetic Act  1938  Covers information labels and truthful advertising  FDA enforces  8k&feature=related 8k&feature=related 8k&feature=related

State Statutes  Lemon laws – designed to protect consumers from poorly built cars  If out of service for more than 30 days or 4 attempts have been made to fix the same problem within the 1 st year  Entitled to refund or replacement