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§ 1662. Advertising of downpayments and installments

Type Statute

Publication 2026-03-26

State In force

Department United States Congress

Source OLRC

articles 2

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§ 1662. Advertising of downpayments and installments

(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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