Texas Business & Commerce Code
§ 302.153 — DISCLOSURE OF CERTAIN SALES INFORMATION
BC § 302.153Title 10. USE OF TELECOMMUNICATIONS · Part A. TELEPHONES · Ch. 302. REGULATION OF TELEPHONE SOLICITATION · Art. D. DISCLOSURES REQUIRED IN REGISTRATION STATEMENT
Statute text
View on source(a)A registration statement must be accompanied by:
(1)a description of the items the seller is offering for sale;
(2)a copy of all sales information and literature, including scripts, outlines, instructions, and information regarding the conduct of telephone solicitations, sample introductions, sample closings, product information, and contest or premium-award information, that the seller provides to salespersons or about which the seller informs salespersons;
(3)a copy of all written material the seller sends to any purchaser; and
(4)as applicable, the information and documents specified by Subsections (b) through (h).
(b)If the seller represents or implies, or directs a salesperson to represent or imply, to a purchaser that the purchaser will receive a specific item, including a certificate that the purchaser must redeem to obtain the item described in the certificate, or one or more items from among designated items, regardless of whether the items are designated as gifts, premiums, bonuses, or prizes or otherwise, the registration statement must be accompanied by:
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Legislative history
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.