Illinois Administrative Code
Title 14 - COMMERCE
Part 475 - MOTOR VEHICLE ADVERTISING
Subpart D - OTHER ADVERTISING PRACTICES
Section 475.540 - Trade-Ins
Universal Citation: 14 IL Admin Code ยง 475.540
Current through Register Vol. 48, No. 12, March 22, 2024
a) It is an unfair or deceptive act to advertise or offer a specific trade-in allowance (i.e., "$2500 minimum trade-in"), or a range of amounts for trade-ins (e.g., "up to $1,000" or "as much as $1,000"), including, without limitation, that the trade-in will be valued at a specific amount or guaranteed minimum amount.
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