§ 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.