If the Cr3 American Exteriors Disclosure Document is not delivered on time, what may have occurred?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
If we do not deliver this Disclosure Document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, DC 20580 and the appropriate state agency listed on Exhibit D.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 Cr3 American Exteriors Franchise Disclosure Document, if the disclosure document is not delivered on time, a violation of federal and state law may have occurred. The document also states that if the disclosure document contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred.
Cr3 American Exteriors requires that it must provide the disclosure document to prospective franchisees 14 calendar days before they sign a binding agreement or make a payment to Cr3 American Exteriors or an affiliate. Certain states, including Illinois, Iowa, Maine, Nebraska, Oklahoma, Rhode Island, and South Dakota, require that Cr3 American Exteriors provide the disclosure document at the first personal meeting to discuss the franchise. Michigan requires that the disclosure document be given at least 10 business days before the execution of any binding franchise agreement or the payment of any consideration, whichever occurs first. New York requires that the disclosure document be given at the earlier of the first personal meeting or 10 business days before the execution of the franchise agreement or the payment of any consideration that relates to the franchise relationship.
If a prospective franchisee believes there has been a violation, the FDD states that it should be reported to the Federal Trade Commission in Washington, DC, and the appropriate state agency listed on Exhibit D.