TITLE 14: COMMERCE
SUBTITLE B: CONSUMER PROTECTION
CHAPTER II: ATTORNEY GENERAL
PART 475 MOTOR VEHICLE ADVERTISING
SECTION 475.630 ADVERTISED FINANCE RATE


 

Section 475.630  Advertised Finance Rate

 

It is an unfair or deceptive act to advertise a finance rate (APR) without disclosing, if such is the fact, the following:

 

a)         that such rate is limited to certain models;

 

b)         that the price may be increased by a dealer's contribution to lower the rate;

 

c)         that to take advantage of such a reduced rate, a customer must purchase additional options or services;

 

d)         that taking advantage of the rate will increase the final price of the vehicle or options or services purchased;

 

e)         that the offer expires after a limited time period; and

 

f)         any other conditions, qualifications or limitations which materially affect the availability of such rate.