[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR303.38]

[Page 237-239]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 303_RULES AND REGULATIONS UNDER THE TEXTILE FIBER PRODUCTS 
IDENTIFICATION ACT--Table of Contents
 
Sec. 303.38  Continuing guaranty filed with Federal Trade Commission.

    (a)(1) Under section 10 of the act any person residing in the United 
States and marketing or handling textile fiber products may file a 
continuing guaranty with the Federal Trade Commission. When filed with 
the Commission a continuing guaranty shall be fully executed in 
duplicate. Forms for use in preparing continuing guaranties will be 
supplied by the Commission upon request.
    (2) Continuing guaranties filed with the Commission shall continue 
in effect until revoked. The guarantor shall promptly report any change 
in business status to the Commission.
    (b) Prescribed form for a continuing guaranty:

[[Page 238]]

[GRAPHIC] [TIFF OMITTED] TR29DE98.001

    (c) Any person who has a continuing guaranty on file with the 
Commission may, during the effective dates of the guaranty, give notice 
of such fact by setting forth on the invoice or other paper covering the 
marketing or handling of the product guaranteed the following:


[[Page 239]]


    Continuing guaranty under the Textile Fiber Products Identification 
Act filed with the Federal Trade Commission.

    (d) Any person who falsely represents in writing that he has a 
continuing guaranty on file with the Federal Trade Commission when such 
is not a fact shall be deemed to have furnished a false guaranty under 
section 10(b) of the Act.

[24 FR 4486, June 2, 1959, as amended at 48 FR 12517, Mar. 25, 1983; 63 
FR 7521, Feb. 18, 1998; 63 FR 71585, Dec. 28, 1998]