Texas § BC.621.104 - REQUIRED DISCLOSURES RELATING TO MATCHED CONTEST

§ BC.621.104. REQUIRED DISCLOSURES RELATING TO MATCHED CONTEST

REQUIRED DISCLOSURES RELATING TO MATCHED CONTEST. (a) A person who uses a matched contest shall clearly and conspicuously disclose in writing in the offer: (1) that attendance at a sales presentation is required; (2) the name and street address of the person who is soliciting attendance at a sales presentation; (3) a description of the product or service being sold; (4) each requirement, restriction, qualification, and other condition that must be satisfied for a person to enter the contest, including: (A) any deadline by which the person must visit the location or attend the sales presentation to qualify to receive a prize; and (B) the approximate duration of the sales presentation; (5) a statement of the odds of winning each prize offered, expressed as a ratio in Arabic numerals; (6) the geographical area or states in which the contest will be conducted; (7) the beginning and ending dates of the contest period; (8) the identity and address of each person responsible for awarding prizes; (9) that all unclaimed prizes will be awarded by a drawing and the date of the drawing; and (10) all other rules and terms of the contest. (b) A person engaged in the preparation, promotion, sale, distribution, or use of a matched contest shall disclose: (1) the retail value of a prize; and (2) clearly and conspicuously in at least 10-point type that airfare, lodging, or both are not included as part of a prize that is a trip or recreational activity to the extent that either or both are not included. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.