2015 US Code
Title 15 - Commerce and Trade (Sections 1 - 8405)
Chapter 41 - Consumer Credit Protection (Sections 1601 - 1693r)
Subchapter I - Consumer Credit Cost Disclosure (Sections 1601 - 1667f)
Part C - Credit Advertising and Limits on Credit Card Fees (Sections 1661 - 1665e)
Sec. 1662 - Advertising of downpayments and installments
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 41 - CONSUMER CREDIT PROTECTION SUBCHAPTER I - CONSUMER CREDIT COST DISCLOSURE Part C - Credit Advertising and Limits on Credit Card Fees Sec. 1662 - Advertising of downpayments and installments |
| Contains | section 1662 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 90-321, title I, §142, May 29, 1968, 82 Stat. 158. |
| Statutes at Large Reference | 82 Stat. 158 |
| Public and Private Law | Public Law 90-321 |
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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.
(Pub. L. 90–321, title I, §142, May 29, 1968, 82 Stat. 158.)
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