Guthrie Construction Company
Volume 86 · 86 F.T.C. 303
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Guthrie Construction Company, 86 F.T.C. 303 (1975). Consumer Law Library, https://consumerlawlibrary.org/decisions/v086-0038
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IN THE MATTER OF GUTHRIE CONSTRUCTION COMPANY, ET AL.
CONSENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION AND TRUTH IN LENDING ACTS Docket C-i708. Cornplaillf., July 975-De6sicjn, July, 1975 Consent order requiring an Englewood, Colo., mortgage loan broker, among other things to cease violating the Truth in Lending Act by failing to disclose to consumers, in connection with the extension of consumer credit, such information as required by Regulation Z of the saiu Act. Appearances For the Commission: Tommie W. Wakefield. For the respondents: Pro se.
COMPLAINT Pursuant to the provisions of the Federal Trade Commission Act and of the Truth in Lending Act and the implementing regulation promulgated thereunder, and by virtue of the authority vested in it by said Acts, the );'ederal Trade Commission, having reason to believe that Guthrie Construction Company, a corporation, and Malcolm E. Guthrie individually and as an officer of said corporation, hereinafter sometimes referred to as respondents, have violated the provisions of said 30:) Complaint IT IS FURTHER ORDERED, That respondents shah forthwith distribute a copy of this order to each officer or employee having direct responsibility for either the marketing or advertising of Morton Lite Sail IT IS FURTHER ORDERED, That respondents notify the Commission at least thirty (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 each respondent shah, within sixty (60) days after the effective date of the order served upon it, file with the Commission a report, in writing, signed by respondents, setting forth in detail the manner and form of their compliance with the order to cease and desist contained herein.