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Potential Washington Franchise Act Amendments

Aug. 18, 2011

The Department of Financial Institutions is contemplating the introduction of new legislation in the 2012 legislative session which would amend the Franchise Investment Protection Act to better align it with the FTC Rule. Among other things, the amendment would change the franchise disclosure document delivery requirement from 10 business days before the execution of an agreement or payment of any consideration to the FTC's 14 calendar day rule.