Great Western United Corporation
Volume 84 · 84 F.T.C. 568
Cite this decision
Great Western United Corporation, 84 F.T.C. 568 (1974). Consumer Law Library, https://consumerlawlibrary.org/decisions/v084-0060
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Cited by 0 later FTC decisions
Cites
- 81 F.T.C. 661 — UNITED STATES STEEL CORPORATION* cited_neutral
- 83 F.T.C. 1110 — ITT CONTINENTAL BAKING COMPANY, INC., ET AL* cited_neutral
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IN THE Matter OF GREAT WESTERN UNITED CORPORATION, ET AL.
MODIFIED ORDER, IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT Docket C-2306. Complaint, Oct, 20, 1972—Modifying order, Oct. 1, 1974 Order modifying previous Commission order, 81 F.T.C. 661, as modified, 82 F -T.C. 1263 and 83 F.T.C. 1110, against a Denver, Colo., real estate developer, by altering and modifying Paragraphs IB1 and IB3 of the order relative to the required disclosure of certain statements in printed advertisements concerning real estate projects. Appearances For the Commission: Perry W. Winston.
For the respondents: R richard S, Levenberg, Denver, Colo. ORDER MopIFYING FINAL ORDER Pursuant to Section 3.72(b) (2) of the Commission’s Rules of Practice, and after consideration of respondents’ petition of Aug. 21, 1974 to reopen and modify paragraphs IB1 and IB3 of the F inal Order to Cease and Desist dated Oct. 20, 1972, subsequently modified by Commission orders dated Apr. 25, 1973 and Dec. 14, 1973, and after further consideration of Commission counsel’s response iti support of such petition, It is ordered, That Paragraphs IB1 and IB3 be altered and modified to read as follows:
IB1 Failing to clearly and conspicuously disclose the following statement in all printed advertisements concerning California City: Obtain the HUD Property Report from the developer and read it before signing anything, HUD neither approves the merits of the offering nor the value, if any, of the property.
569 Complaint IBe Failing to clearly and conspicuously disclose the following statement in all printed advertisements concerning real estate projects other than California City, however limited to projects in existence at the time this order becomes effective and to any future projects (1) covered by the Interstate Land Sales Full Disclosure Act, and (2) where the property interest being offered is held in any form by respondents or any of their affiliates:
Obtain the HUD Property Report from the developer and read it before signing anything. HUD neither approves the merits of the offering nor the value, if any, of the property.