Advertising of rates, charges or costs

9 V.I.C. § 803 — under Virgin Islands Finance Lenders.

9 V.I.C. § 803

If any person engaged in the business regulated by this chapter refers in any advertising to rates of interest, charges, or cost of loans, the Board shall require that the rates, charges, or costs are stated fully and clearly in the manner that gives adequate information to prospective borrowers. If the rates or costs advertised do not apply to loans of all classes made or negotiated by the person, this fact must be clearly indicated in the advertisement.