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

FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER I—CONSUMER CREDIT COST DISCLOSURE

Advertising of downpayments and installments

15 U.S.C. § 1662

ChapterSUBCHAPTER I—CONSUMER CREDIT COST DISCLOSURE

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This text of 15 U.S.C. § 1662 (Advertising of downpayments and installments) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 U.S.C. § 1662.

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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.

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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.

Source Credit

History

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

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Bluebook (online)

15 U.S.C. § 1662, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/1662.

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History

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