[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR455.6]

[Page 456]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 455--USED MOTOR VEHICLE TRADE REGULATION RULE--Table of Contents
 
Sec. 455.6  State exemptions.

    (a) If, upon application to the Commission by an appropriate State 
agency, the Commission determines, that--
    (1) There is a State requirement in effect which applies to any 
transaction to which this rule applies; and
    (2) That State requirement affords an overall level of protection to 
consumers which is as great as, or greater than, the protection afforded 
by this Rule; then the Commission's Rule will not be in effect in that 
State to the extent specified by the Commission in its determination, 
for as long as the State administers and enforces effectively the State 
requirement.
    (b) Applications for exemption under subsection (a) should be 
directed to the Secretary of the Commission. When appropriate, 
proceedings will be commenced in order to make a determination described 
in paragraph (a) of this section, and will be conducted in accordance 
with subpart C of part 1 of the Commission's Rules of Practice.