What is the requirement in Michigan regarding when Dollar Rent A Car must provide the Disclosure Document?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If Dollar does 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, D.C. 20580 and your state agency.
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to Dollar Rent A Car's 2025 Franchise Disclosure Document, Michigan requires that Dollar Rent A Car provide the Franchise Disclosure Document to prospective franchisees at least 10 business days before the earlier of two events. These events are the execution of any binding franchise or other agreement, or the payment of any consideration related to the franchise.
This regulation is designed to give potential Dollar Rent A Car franchisees in Michigan adequate time to review the Disclosure Document and seek professional advice before making any commitments. The 10-business-day period allows franchisees to fully understand the terms and conditions of the franchise agreement, assess the risks and benefits, and make an informed decision.
Failure by Dollar Rent A Car to deliver the Disclosure Document within the stipulated time frame in Michigan, or if the document contains false or misleading statements or omits material information, may constitute a violation of federal and state laws. In such cases, the franchisee is advised to report the violation to the Federal Trade Commission and the relevant state agency.