We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
Hoarding: Legal Insights and Definitions You Need to Know
Definition & Meaning
Hoarding refers to the practice where a toll-free subscriber acquires more toll-free numbers from a Responsible Organization than they plan to use for providing toll-free services. This practice can also include number brokering, where individuals or organizations buy and sell toll-free numbers. The intent behind hoarding is often to reserve numbers for future use or to sell them at a profit.
Table of content
Legal Use & context
Hoarding is primarily relevant in telecommunications law and regulatory compliance. It is addressed under federal regulations, specifically those governing toll-free numbers. Legal practitioners may encounter hoarding in cases involving telecommunications disputes or regulatory inquiries. Users may benefit from legal templates provided by US Legal Forms to navigate related processes effectively.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
(Hypothetical example) A business acquires twenty toll-free numbers but only needs five for customer service. The remaining numbers are held in reserve, leading to a potential hoarding situation.
Relevant laws & statutes
According to 47 CFR 52.107, hoarding is defined and regulated. This regulation outlines the responsibilities of toll-free subscribers and the implications of hoarding practices.
Comparison with related terms
Term
Definition
Difference
Hoarding
Acquiring more toll-free numbers than intended for use.
Focuses on excess acquisition and potential resale.
Number brokering
Buying and selling toll-free numbers.
Involves active selling rather than just holding numbers.
Common misunderstandings
What to do if this term applies to you
If you believe you are involved in hoarding toll-free numbers, consider the following steps:
Review your current toll-free number usage and needs.
Consult the regulations outlined in 47 CFR 52.107.
Explore US Legal Forms for templates related to toll-free number management.
If necessary, seek professional legal advice to ensure compliance.
Find the legal form that fits your case
Browse our library of 85,000+ state-specific legal templates.