What is the name of the California department that must approve the Better Blend disclosure document?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
California Corporations Code, Section 31125 requires the franchisor to give the franchisee a disclosure document, approved by the Department of Financial Protection and Innovation, prior to a solicitation of a proposed material modification of an existing franchise.
OUR WEBSITE (www.betterblend.com) HAS NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION. ANY COMPLAINTS CONCERNING THE CONTENT OF THIS WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION AT www.dfpi.ca.gov.
THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA.
REGISTRATION OF THIS FRANCHISE OFFERING DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF FINANCIAL PROTECTION AND INNOVATION NOR A FINDING BY THE COMMISSIONER OF THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING.
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the California Corporations Code Section 31125 mandates that the franchisor provide a disclosure document approved by the Department of Financial Protection and Innovation before soliciting any proposed material modification of an existing franchise.
Additionally, the Better Blend FDD states that their website has not been reviewed or approved by the California Department of Financial Protection and Innovation. Any complaints regarding the website's content can be directed to the California Department of Financial Protection and Innovation at their website, www.dfpi.ca.gov.
Furthermore, the FDD indicates that the franchises have been registered under the Franchise Investment Law of the State of California. However, the registration of the franchise offering does not constitute approval, recommendation, or endorsement by the Commissioner of Financial Protection and Innovation, nor does it imply that the Commissioner of the Department of Financial Protection and Innovation has found the information provided to be true, complete, and not misleading.