Title 15, Commerce and TradeRelease 119-102
§1662 Advertising of Downpayments and Installments
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part C — Credit Advertising and Limits on Credit Card Fees › § 1662
Summary
Ads can't say a specific monthly payment, installment amount, or required downpayment is available for a loan or other credit unless the lender actually and regularly offers payments or downpayments in that exact amount.
Full Legal Text
Title 15, §1662
Commerce and Trade, Source: USLM XML via OLRC
No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may state
(1)that a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amount.
(2)that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1662
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102