La. Admin. Code tit. 46 § V-749
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-749 - Sales Payment DisclosuresA.1. An advertisement that contains any one of the following messages, statements, or terms: a. the amount of a down payment, in either a percentage or dollar amount;b. the amount of any payment, in either a percentage or dollar amount;c. the number of payments;d. the period of repayment; ore. the amount of any finance charge;2. must include the following: a. the amount or percentage of the down payment;b. the terms of repayment (the number of months to make repayment and the amount per month) including the amount and due date of any balloon payment;c. the annual percentage rate or APR; andd. the amount of annual percentage rate, if increased, after consummation of the credit transaction.B. An advertisement which complies with the Federal Truth-In-Leading Act (15 U.S.C. § 160 et seq.) and amendments thereto, and any regulations issued or which may be issued thereunder, shall be deemed in compliance with the provisions of this Section. Any advertisement not in compliance with these federal provisions constitutes violation(s) of this rule.La. Admin. Code tit. 46, § V-749
Promulgated by the Office of the Governor, Motor Vehicle Commission, LR 34:79 (January 2008).AUTHORITY NOTE: Promulgated in accordance with R.S. 32:1253.E.