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Title 15 — Commerce and TradeRelease 119-73not60

§70h Guaranty

Title 15 › Chapter 2— FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND PREVENTION OF UNFAIR METHODS OF COMPETITION › Subchapter V— TEXTILE FIBER PRODUCTS IDENTIFICATION › § 70h

Last updated Apr 3, 2026|Official source

Summary

A person is not guilty of an unlawful act if they have a guaranty given in good faith that is signed and shows the name and U.S. address of the person in the United States who made or supplied the textile product, and the guaranty says the product is not misbranded or falsely invoiced under the law. The guaranty can be one separate paper naming the product (it may be on the invoice), a continuing guaranty from seller to buyer covering all sales in a form the Commission requires, or a continuing guaranty filed with the Commission covering all products handled by the guarantor in a form the Commission requires. Giving a false guaranty is illegal and is an unfair or deceptive practice in commerce under the Federal Trade Commission Act, unless the person relied in good faith on a similar signed guaranty that included the name and U.S. address of the manufacturer or supplier.

Full Legal Text

Title 15, §70h

Commerce and Trade — Source: USLM XML via OLRC

(a)No person shall be guilty of an unlawful act under section 70a of this title if he establishes a guaranty received in good faith, signed by and containing the name and address of the person residing in the United States by whom the textile fiber product guaranteed was manufactured or from whom it was received, that said product is not misbranded or falsely invoiced under the provisions of this subchapter. Said guaranty shall be (1) a separate guaranty specifically designating the textile fiber product guaranteed, in which case it may be on the invoice or other paper relating to said product; or (2) a continuing guaranty given by seller to the buyer applicable to all textile fiber products sold to or to be sold to buyer by seller in a form as the Commission, by rules and regulations, may prescribe; or (3) a continuing guaranty filed with the Commission applicable to all textile fiber products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
(b)The furnishing of a false guaranty, except where the person furnishing such false guaranty relies on a guaranty to the same effect received in good faith signed by and containing the name and address of the person residing in the United States by whom the product guaranteed was manufactured or from whom it was received, is unlawful, and shall be an unfair method of competition, and an unfair and deceptive act or practice, in commerce, within the meaning of the Federal Trade Commission Act [15 U.S.C. 41 et seq.].

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Federal Trade Commission Act, referred to in subsec. (b), is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of this chapter. For complete classification of this Act to the Code, see section 58 of this title and Tables.

Reference

Citations & Metadata

Citation

15 U.S.C. § 70h

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60