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TITLE 15 - CHAPTER 41 - SUBCHAPTER I

Part C - Credit Advertising

Credit Advertising Act

Summary:

Parts of this act includes: Regulations on creditors advertising practices for various types of credit extensions (example: installment loans, credit cards/open ended, real estate, and oral agreements). All rates must be in the form of annual percentage rates (APR). Any minimum or fixed amounts owed, down payment (if applicable), loan fees, highest APR that may be imposed, as well as other terms must be clearly and conspicuously displayed on credit advertisements.

Subsection:

1661 Catalogs and multiple-page advertisements

1662 Advertising of down payments and installments

1663 Advertising of open end credit plans

1664 Advertising of credit other than open end plans

1665 Non liability of advertising media

1665a Use of annual percentage rate in oral disclosures; exceptions

1665b Advertising of open end consumer credit plans secured by consumer’s principal dwelling