Rule 40-7-11-.05 - Pricing and Financing(1) Misrepresent or fail to disclose fully and conspicuously on the Customer Order Form the terms and details of any financing arrangements, interest, service charge, credit investigation fee, membership fee, time-price differential and any costs or that there is a trial basis (if such is the case).(2) Fail to advise the buyer before signing any promissory note that the note may be transferred or assigned to a financial institution or third party and payment enforced by them. If any note is a cognovit note, the firm shall advise the buyer that it authorizes a confession of judgement on the note if it is not paid when due, and that a court judgement may be entered against the buyer without prior notice.(3) Misrepresent or fail to show the total amount that the buyer will be obligated to pay.Ga. Comp. R. & Regs. R. 40-7-11-.05
Ga. L. 1956, p. 195 as amended; O.C.G.A. Sec. 26-2-1et seq.
Original Rule entitled "Physical Characteristics" filed on June 30, 1965.Repealed: New Rule entitled "Source of Water", adopted. F. Apr. 19, 1991; eff. May 9, 1991.Repealed: New Rule, same title, adopted. F. May 28, 1992; eff. June 17, 1992.Repealed: New Rule entitled "Pricing and Financing" adopted. F. Apr. 30,1996; eff. May 20, 1996.