16 CFR Part 429, Rule Concerning Cooling-Off Period For Sales Made At Homes Or At Certain Other Locations, FTC File No. P087109
I am retired Federal Service Service and worked for the Library of Congress, the Justice Department, the Interstate Commerce Commission and the Navy Department in DC before moving to Florida in 1984. I was insulted by the Commission's statement that "But let’s face it: $25 doesn’t buy what it used to." Commission attorneys salaries begin at "law clerks with a JD or equivalent are hired through advance commitment at a Grade 11, Step 7 salary scale. Judicial clerks or other candidates with an advanced degree in a related field may be compensated up to the Grade 12, Step 5 level. Exact salary will be determined by an individual applicant’s qualifications." Here in Orlando, that is a lot of money. And I know that there are step increases as well as yearly promotions, probably up to GS-14 or GS-15 for those attorneys. The salaries for Commissioners are significantly higher. You need to get out of DC and see how people in "the provinces" live. For a retiree, even a Federal retire who retired with a good annuity under the CSRS, $25.00 is real money. And I can get hit up anywhere, including outside the grocery store or inside church. Leave the $25.00 limit. One of these days, (especially if there are significant Federal budget cuts), $25 may mean a lot to you.