When did the FTC Funeral Rule officially take effect?

When did the FTC Funeral Rule officially take effect?

• A. 4/30/80
• B. 4/30/84
• C. 4/30/86
• D. 4/30/88

Answer: (B)

The Federal Trade Commission (FTC) Funeral Rule officially took effect on April 30, 1984. This regulation was created to ensure that consumers receive accurate and clear information concerning funeral services and related costs, promoting transparency and helping them make informed decisions during a difficult time. By establishing guidelines that funeral providers must follow, including the necessity to provide itemized pricing and disclosures about services, the Funeral Rule was a significant consumer protection measure. The specific date, April 30, 1984, marks the moment when the Rule became enforceable, thereby mandating compliance by funeral service providers across the United States. Understanding the timeline of the Rule's implementation is crucial for those in the funeral service industry, as it helps frame discussions about consumer rights and industry standards.

The Federal Trade Commission (FTC) Funeral Rule officially took effect on April 30, 1984. This regulation was created to ensure that consumers receive accurate and clear information concerning funeral services and related costs, promoting transparency and helping them make informed decisions during a difficult time. By establishing guidelines that funeral providers must follow, including the necessity to provide itemized pricing and disclosures about services, the Funeral Rule was a significant consumer protection measure.

The specific date, April 30, 1984, marks the moment when the Rule became enforceable, thereby mandating compliance by funeral service providers across the United States. Understanding the timeline of the Rule's implementation is crucial for those in the funeral service industry, as it helps frame discussions about consumer rights and industry standards.