What exhibit in the Cr3 American Exteriors FDD contains the Receipts?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit H contains two copies of a Receipt of our Disclosure Document. You must sign, date and deliver one copy of the Receipt Page to us for our records.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 Cr3 American Exteriors FDD, Exhibit H contains two copies of a Receipt of the Disclosure Document. The FDD states that franchisees must sign, date, and return one copy of the receipt page to Cr3 American Exteriors for their records.
This receipt serves as an acknowledgment that the franchisee received the FDD, which is a crucial step in the franchise sales process. Franchise laws mandate that franchisors provide prospective franchisees with the FDD within a specific timeframe before any binding agreements are signed or payments are made. This allows potential franchisees to thoroughly review the document and make informed decisions.
Specifically, the FDD mentions that if Cr3 American Exteriors offers a franchise, it must provide the Disclosure Document to the franchisee 14 calendar days before signing a binding agreement or making a payment. Certain states, such as Illinois, Iowa, Maine, Nebraska, Oklahoma, Rhode Island, and South Dakota, require the document to be provided at the first personal meeting to discuss the franchise. Michigan requires a 10-business day window before any agreement or payment, while New York mandates the earlier of the first personal meeting or 10 business days before agreement or payment.
Failure to deliver the Disclosure Document on time or if it contains false, misleading, or materially omissive information may constitute a violation of federal and state laws. In such cases, the franchisee is advised to report the issue to the Federal Trade Commission and the appropriate state agency listed on Exhibit D.