[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Page 35820]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17363]



[[Page 35820]]

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FEDERAL TRADE COMMISSION

[Dkt. C-3729]


Pre-Paid Legal Services, Inc.; Prohibited Trade Practices, and 
Affirmative Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair or deceptive acts or practices and unfair methods of 
competition, this consent order prohibits, among other things, an 
Oklahoma-based corporation from making certain false and misleading 
claims concerning the benefits and appropriateness of living trusts or 
any legal instrument or service it offers and requires the respondent 
to clearly and conspicuously disclose to consumers that such trusts may 
be legally challenged on similar grounds as wills, that living trusts 
may not be appropriate in all instances, and that the transfer of an 
individual's assets into a living trust is not included in the price of 
creating the trust. In addition, the respondent must offer a $165 
refund to every purchaser of an American Association for Senior 
Citizens trust who hasn't already received a refund and who doesn't 
live in certain states that have already been offered partial refunds 
in connection with an earlier multi-state settlement.

DATES: Complaint and Order issued April 4, 1997.\1\

    \1\ Copies of the Complaint and the Decision and Order are 
available from the Commission's Public Reference Branch, H-130, 6th 
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT: Janice Charter, Federal Trade 
Commission, Denver Regional Office, 1961 Stout St., Suite 1523, Denver, 
CO 80294, (303) 844-2272.

SUPPLEMENTARY INFORMATION: On Wednesday, January 29, 1997, there was 
published in the Federal Register, 62 FR 4290, a proposed consent 
agreement with analysis In the Matter of Pre-Paid Legal Services, Inc., 
for the purpose of soliciting public comment. Interested parties were 
given sixty (60) days in which to submit comments, suggestions or 
objections regarding the proposed form of the order.
    No comments having been received, the Commission has ordered the 
issuance of the complaint in the form contemplated by the agreement, 
made its jurisdictional findings and entered an order to cease and 
desist, as set forth in the proposed consent agreement, in disposition 
of this proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interprets or applies sec. 5, 
38 Stat. 719, as amended; 15 U.S.C. 45)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17363 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M