What is the name of the California agency that regulates Golden Krust Caribbean Restaurant franchises?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| CALIFORNIA | NEW YORK |
|---|---|
| Commissioner of Financial Protection and Innovation | New York Secretary of State |
| Department of Financial Protection and Innovation | One Commerce Plaza |
| 320 West Fourth Street, Suite 750 | 99 Washington Avenue |
| Los Angeles, California 90013-2344 | Albany, NY 12231 |
| (213) 576-7500 / Toll Free: (866) 275-2677 | (518) 473-2492 |
| Email: ASK.DFPI@dfpi.ca.gov | |
| Website: http://www.dfpi.ca.gov |
Source: Item 23 — RECEIPT (FDD pages 35–153)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, the California agency that regulates Golden Krust Caribbean Restaurant franchises is the Commissioner of Financial Protection and Innovation, which falls under the Department of Financial Protection and Innovation. Their physical address is 320 West Fourth Street, Suite 750, Los Angeles, California 90013-2344. They can be contacted by phone at (213) 576-7500 or toll-free at (866) 275-2677. Their email address is ASK.DFPI@dfpi.ca.gov, and their website is http://www.dfpi.ca.gov.
This information is crucial for prospective franchisees in California because it identifies the specific state agency to contact if they have concerns about the franchise offering or need to report potential violations of franchise law. It is common practice for franchise agreements to be regulated at the state level, and knowing the correct agency ensures that franchisees can seek assistance or file complaints with the appropriate authorities.
It is important to note that other states have their own regulatory agencies, as listed in the exhibit. Franchisees should consult the exhibit to identify the relevant agency in their state. Additionally, franchisees should be aware of the Federal Trade Commission (FTC), which also plays a role in regulating franchises at the federal level. The FDD states that violations of federal and state law should be reported to the FTC in Washington, D.C.