Illinois Administrative Code
Title 14 - COMMERCE
Part 475 - MOTOR VEHICLE ADVERTISING
Subpart E - CREDIT SALES ADVERTISING
Section 475.630 - Advertised Finance Rate
Universal Citation: 14 IL Admin Code ยง 475.630
Current through Register Vol. 48, No. 38, September 20, 2024
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.
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