1851

The&nbsp;<a href="https://www.nasaa.org/65552/nasaa-members-adopt-two-statements-of-policy-regarding-peer-to-peer-lending-offerings-and-franchise-questionnaires-and-acknowledgements/?qoid=current-headlines&utm_source=1851franchise.com&utm_medium=article&utm_campaign=jd-supra-nasaa-adopts-franchise-acknowledgment-policy-that-is-harmful-to-franchisors-2719849" target="_blank" rel="nofollow">North American Securities Administrators Association (NASAA)</a> announced last week that it had adopted a policy banning a majority of acknowledgments and compliance questionnaires used by franchisors. Many franchisors utilize questionnaires to include disclaimers relating to certain representations that may have been made during the franchise sales process. They cite the reason for the questionnaires is to detect and identify problematic sales practices.Effective January 1, 2023, NASAA’s policy dictates that if a franchisor asks a prospective franchisee to complete a questionnaire during the sales process, the questionnaire must be included as an exhibit to the FDD. The policy also prohibits statements or questions that could cause a franchisee to surrender rights under federal or state law.Many franchisors view the policy as a severe reaction in response to a few “bad apple” franchisors and that the policy will ultimately limit franchisors’ ability to root out dishonest sales practices.While the NASAA policy is not a change in federal or state law, it will likely be implemented by most state franchise examiners as they review franchise applications.Read the full article&nbsp;<a href="https://www.jdsupra.com/legalnews/nasaa-adopts-new-franchise-4931995/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=jd-supra-nasaa-adopts-franchise-acknowledgment-policy-that-is-harmful-to-franchisors-2719849" target="_blank" rel="nofollow">here</a> at JDSupra.com.

JD Supra: NASAA Adopts Franchise Acknowledgment Policy That is Harmful to Franchisors

1851 Franchise

The ruling may affect franchisors’ ability to detect dishonest sales practices.

jd-supra-nasaa-adopts-franchise-acknowledgment-policy-that-is-harmful-to-franchisors

Woodhouse Spas

Photo of exterior of Woodhouse Spa location

What Should I Expect When Opening My Woodhouse Spa Franchise?

opening-woodhouse-spa-franchise-support

Fresh Coat

Photo of two Fresh Coat vans parked outside a building

Scaling With Fresh Coat Painters: Insights and Tips From the Field

fresh-coat-painters-franchise-scaling-tips

Pigtails & Crewcuts

A Business That Fills Your Heart: Why Pigtails & Crewcuts Franchisees Say It’s More Than a Career

a-business-that-fills-your-heart-why-pigtails-crewcuts-franchisees-say-its-more-than-a-career

Caring Transitions

Why Consider a Corporate Career Change? Find Meaningful Work Helping Others With Caring Transitions

why-consider-a-corporate-career-change-find-meaningful-work-helping-others-with-caring-transitions

Comfort Keepers

How This Financial Strategist Built a Flourishing Purpose-Driven Business With Comfort Keepers®

how-this-financial-strategist-built-a-flourishing-purpose-driven-business-with-comfort-keepers

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

U.S. Budget Deficit Rises as Tariff Revenues Increase — Potential Considerations for Franchising

us-budget-deficit-rises-as-tariff-revenues-increase-potential-considerations-for-franchising

Dickey's Franchisee Backlash - Lawsuits - Disputes - 1851 Franchise

Texas-Based Dickey’s Barbecue Pit Grapples with Franchisee Backlash

dickeys-barbecue-pit-franchisee-lawsuits

Design with person in blazer, with laptop, holding sign that reads "LOOKING FOR A JOB"

Uptick in Jobless Claims Points to Continued Instability in Labor Market

jobless-claims-franchise-growth

Extraordinary Brands Acquires CycleBar and Rumble, Shaking Up Boutique Fitness Franchising

extraordinary-brands-cyclebar-rumble-boxing-acquisition

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Navy Veteran and Professional Artist Couple Open Caring Transitions in Texas

JD Supra: NASAA Adopts Franchise Acknowledgment Policy That is Harmful to Franchisors

MORE STORIES LIKE THIS