Magnuson Moss Warranty Act Law and Legal Definition
The Magnuson-Moss Warranty Act a federal law that governs consumer product warranties. Passed by Congress in 1975, the Act requires manufacturers and sellers of consumer products to provide consumers with detailed information about warranty coverage. In defines both the rights of consumers and the obligations of warrantors under written warranties.
The Federal Trade Commission adopted three Rules under the Act, the Rule on Disclosure of Written Consumer Product Warranty Terms and Conditions (the Disclosure Rule), the Rule on Pre-Sale Availability of Written Warranty Terms (the Pre-Sale Availability Rule), and the Rule on Informal Dispute Settlement Procedures (the Dispute Resolution Rule).
The Act and the Rules establish three basic requirements that may apply to you, either as a warrantor or a seller.
- As a warrantor, you must designate, or title, your written warranty as either "full" or "limited."
- As a warrantor, you must state certain specified information about the coverage of your warranty in a single, clear, and easy-to-read document.
- As a warrantor or a seller, you must ensure that warranties are available where your warranted consumer products are sold so that consumers can read them before buying.