Pub. L. 90-321, tit. I, ch. 3, sec. 143

Advertising of open end credit plans

EnactedYear: 1968Length: 177 wordsOfficial source
§ 143. Advertising of open end credit plans No advertisement to aid, promote, or assist directly or indirectly the extension of consumer credit under an open end credit plan may set forth any of the specific terms of that plan or the appropriate rate determined under section 127(a)(6) unless it also clearly and conspicuously sets forth all of the foil owing items: (1) The time period, if any, within which any credit extended may be repaid without incurring a finance charge. (2) The method of determining the balance upon which a finance charge will be fin posed. (3) The method of determining the amount of the finance charge, including any minimum or fixed amount imposed as a finance charge. (4) Where periodic rates may be used to compute, the finance charge, the periodic rates expressed as annual percentage rates. (5) Such other or additional information for the advertising of open end credit plans as the Board may by regulation require to provide for adequate comparison of credit costs as between different types of open end credit plans.
Pub. L. 90-321, tit. I, ch. 3, sec. 143: Advertising of open end credit plans | Justis AI