What actions are required regarding the Receipt of Disclosure Document for Ledgers?
Ledgers 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.
If Loyalty Business Services LLC offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Iowa requires that we give you this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
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.
New York requires that we give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
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 46–134)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Exhibit H contains two copies of the Receipt of Disclosure Document. A prospective franchisee must sign, date, and deliver one copy of the Receipt Page to Ledgers for their records.
Ledgers must provide the Disclosure Document to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make a payment in connection with the proposed franchise sale. However, the timing varies in certain states. Iowa requires Ledgers to provide the Disclosure Document at the earlier of the first personal meeting or 14 calendar days before signing an agreement or making a payment. Michigan requires that the document be provided at least 10 business days before the execution of any binding agreement or payment of any consideration, whichever occurs first. New York requires that the document be provided at the earlier of the first personal meeting or 10 business days before the execution of the agreement or the payment of any consideration related to the franchise relationship.
The FDD states that failure to deliver the Disclosure Document on time, or if it contains false or misleading statements or material omissions, may constitute a violation of federal and state law. Such violations should be reported to the Federal Trade Commission and the appropriate state agency listed on Exhibit D.