14 Ill. Adm. Code 470.210
Identifying Basis of Price Comparison
Section 470
Section 470.210 Identifying
Basis of Price Comparison
It is an unfair or deceptive act
for a seller to make a price comparison or claim a savings as to any product it
offers (for example: "$29.99 – Save $10.00" – or – "20% Off
all men's shirts") unless the seller clearly and conspicuously describes
the basis for the price comparison or the savings claimed; provided, however, a
seller may compare a higher and a lower price without describing the basis for
the price comparison or the savings claimed if the higher price is the seller's
own former (regular) price as determined in accordance with Section 470.220 of
this Part. Terms such as "formerly," "regularly,"
"originally," or words of similar meaning may be used by the seller
to identify the higher price as its own former (regular) price.