9 AAC 14.040.
Information to be provided each prospective buyer
Each telephonic seller shall, in the written contract
required under AS 45.63.020, provide the following information to each
prospective buyer:
(1)
if the telephonic seller
represents or implies that a prospective buyer will receive, without charge, an
item or items in addition to the primary item for sale, whether the items are
denominated as gifts, premiums, bonuses, prizes, or otherwise, the telephonic
seller shall provide the following:
(A)
the actual physical
address of the location from which the telephonic seller is soliciting the
prospective buyer and, if different, the complete street address of the telephonic
seller's principal location;
(B)
the total number of
individuals who have actually received from the telephonic seller, during the
preceding 12 months, or if the telephonic seller has not been in business that
long, during the period the telephonic seller has been in business, the
described items;
(C)
the odds the prospective
buyer has of actually receiving each item listed;
(D)
all terms and conditions
the prospective buyer must meet to obtain the items;
(E)
the actual market value of
the items, with an explanation of the basis for the valuation, together with a
statement of the price paid by the telephonic seller for the items; and
(F)
a statement of the manner
in which the telephonic seller decides which items the prospective buyer will
receive;
(2)
if the telephonic seller is
offering to sell any metal, stone, or mineral, the telephonic seller shall
provide the following information:
(A)
the actual physical
address from which the telephonic seller is soliciting the prospective buyer
and, if different, the complete street address of the telephonic seller's
principal location; and
(B)
the name, address and
telephone number of each of the telephonic seller's suppliers and a description
of each metal, stone, or mineral to be purchased; and
(C)
a complete disclosure of
the terms and conditions the prospective buyer must meet to take actual
physical possession of the metal, stone, or mineral.
(3)
if the telephonic seller is
offering to sell an interest in oil, gas, or mineral fields, wells, or
exploration sites, the telephonic seller shall provide the following
information:
(A)
the complete street
address of the location from which the telephonic seller is soliciting the
prospective buyer and, if different, the complete street address of the telephonic
seller's principal location;
(B)
a complete disclosure of
the telephonic seller's interest in the property;
(C)
the total number of
interests to be sold in each oil, gas, or mineral field, well, or exploration
site; and
(D)
documents supporting any
claims made by the telephonic seller that the oil, gas, or mineral field, well,
or exploration site has a particular return potential, or that it has been
investigated and found to have a potential for return on investment.
(4)
if the telephonic seller
represents that office equipment or supplies being offered are offered at
prices which are below those usually charged for those items, the telephonic
seller shall provide the following information:
(A)
the complete street
address of the location from which the telephonic seller is soliciting the
prospective buyer and, if different, the complete street address of the telephonic
seller's principal location; and
(B)
the name of the
manufacturer of each of the items the telephonic seller has represented for
sale and in which the prospective buyer expresses interest.
(5)
if the telephonic seller
represents that advertising in the "yellow pages" or any directory is
being offered for sale at prices which are below those usually charged for
those items, the telephonic seller shall provide the following information:
(A)
the complete street
address of the location from which the telephonic seller is soliciting the
prospective buyer, and if different, the complete street address of the telephonic
seller's principal location; and
(B)
the name of the publisher,
how many times the publication has been issued in separate editions, how many
copies have been printed, where it has been distributed, and if the publication
has ever been distributed in this state by the publisher.
ALASKA
ADMINISTRATIVE CODE
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