There is a newer version
of
this Section
2016 US Code
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
Download PDF
| 15 U.S.C. § 1662 (2016) |
| §1662. Advertising of downpayments and installments |
|
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.) |
| United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 1662 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 82 Stat. 158 |
| Public Law 90-321 |
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
