I have added a new link to the disclosure portion of the Maryland law that EASI violated, resulting in their recent 2008 settlement there. The law requires 28 items of information be provided to prospective buyers of a business opportunity at least 10 days prior to entering into the agreement. EASI did not comply with this law, resulting in the state's action.
http://mlis.state.md.us/asp/web_statutes.asp?gbr&14-114
If you are considering becoming an EASI dealer, this list of 28 items might be a good list of questions to ask EASI before you sign with them, even if you are not in a state that requires such disclosures by sellers of business opportunities.
The other part of the MD law that EASI violated was that they had not registered their business opportunity with the state, as required.
Monday, November 3, 2008
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