15 U.S.C. § 1662 — Advertising of downpayments and installments

FEDERAL · 15 U.S.C. · Chapter 41

Advertising of downpayments and installments

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 41 — CONSUMER CREDIT PROTECTION·Subch. I·Pt. C

No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may state

(1)that a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amount.

(2)that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount.

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No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may state
(1) that a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amount.
(2) that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount.

15 U.S.C. § 1662 (Advertising of downpayments and installments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 90–321, title I, §142, May 29, 1968, 82 Stat. 158.)

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History