Sec. 13. If the seller represents or implies, or directs a salesperson to represent or imply, to a prospect that a purchaser will receive one (1) or more items (whether the items are designated as gifts, premiums, bonuses, prizes, or otherwise), the registration statement must also contain the following information:
(1) A list of items offered.
(2) The value of each item described to a prospect and the basis for the valuation.
(3) The price paid by the seller to its supplier for each of these items, and the names, business addresses, and business telephone numbers of the supplier of each item.
(4) The manner in which the seller decides which items a prospect is to receive, if a purchaser is to receive fewer than all of the items described by the seller.
(5) The odds a prospect or purchaser has of receiving each described item, if a purchaser is to receive fewer than all of the items described by the seller.
(6) All terms and conditions that a prospect must meet in order to receive the item, if a purchaser is to receive fewer than all of the items described by the seller.
As added by P.L.253-1987, SEC.1.
Structure Indiana Code
Chapter 12. Telephone Solicitations
24-5-12-0.1. Application of Certain Amendments to Chapter
24-5-12-5. "Principal" Defined
24-5-12-7. "Salesperson" Defined
24-5-12-9. "Solicitation" Defined
24-5-12-10. Registration of Sellers
24-5-12-11. Registration Statement; Filing; Fee
24-5-12-12. Registration Statement; Required Information
24-5-12-14. Annual Update of Registration; Additional Fee
24-5-12-15. Disclosures Required; Update of Changes; Filing
24-5-12-16. Record of Filings; Assigned Registration Number
24-5-12-17. Reference to Compliance With Chapter Restricted
24-5-12-18. Failure to Comply With Sections 10 Through 16; Cancellation of Contract
24-5-12-19. Deceptive Statements; Failure to Deliver Item Ordered; Voiding of Contract; Requisites
24-5-12-20. Damages; Costs and Attorney's Fees
24-5-12-21. Violations; Injunction
24-5-12-22. Failure to Comply; Penalty
24-5-12-23. Deceptive Acts; Injunction; Civil Penalties; Venue
24-5-12-24. Construction of Chapter
24-5-12-25. Blocking Telephone Number or Identity of Solicitor; Violations