Colonial Engineering Corporation

Text (OCR of the scan at left; may contain errors)

In res Marrer or COLONIAL ENGINEERING CORPORATION, ET AL.

CONSENT ORDER, ETC., IN REGARD TO THE ALLEGED VIOLATION OF THE TRUTH IN LENDING AND THE FEDERAL TRADE COMMISSION ACTS Docket O-2272. Complaint, August 18, 1972—Decision, August 18, 1972. Consent order requiring a Springfield, Massachusetts, seller and distributor of home improvement products to cease, among other things, representing salesmen as officers, co-owners or advertising representatives of the respond- UNITED SYSTEMS, INC., ET AL. 275 267 Decision. and Order (b) Failing to make any refund in accordance with the policy set forth in Paragraph 10(a).

11. (a) Failing to disclose, in writing, clearly and conspicuously, the refund policy of respondents with respect to those students who have embarked upon the training program after the 72-hour period set forth in Paragraph 10(a) above. (b) Failing to make any refund in-accordance with the refund policy disclosed to the students under Paragraph 11 (a) above.

It is further ordered, That respondents shall forthwith deliver a copy of this order to cease and desist to all present and future salesmen or other persons engaged in selling respondents’ courses of study and instruction and secure from each such salesmen or other persons a signed statement acknowledging receipt of said order. It is further ordered, That each respondent corporation shall forthwith distribute a copy of this order to each of its operating divisions. It is further ordered, That respondents notify the Commission at least, 30 days prior to any proposed change in the.corporate respondents such as dissolution, assignment or sale resulting in the emergence of a successor corporation, the creation or dissolution of subsidiaries or any other change in the corporation which may affect compliance — obligations arising out of the order.

It is further ordered, That the respondents herein shall within sixty (60) days after service upon them of this order, file with the Commission a report, in writing, setting forth in detail the manner and form in which they have complied with this order. It is further ordered, That the individual respondent named herein promptly notify the Commission of the discontinuance of his present business or employment and of his affiliation with a new business or employment. Such notice shall include respondent’s current business or employment in which he is engaged as well as a description of his duties and responsibilities.