Ill. Admin. Code tit. 14 § 475.630

Current through Register Vol. 49, No. 2, January 10, 2025

Section 475.630 - Advertised Finance Rate

It is an unfair or deceptive act to advertise a finance rate (APR) without disclosing, if such is the fact, the following:

a) that such rate is limited to certain models;

b) that the price may be increased by a dealer's contribution to lower the rate;

c) that to take advantage of such a reduced rate, a customer must purchase additional options or services;

d) that taking advantage of the rate will increase the final price of the vehicle or options or services purchased;

e) that the offer expires after a limited time period; and

f) any other conditions, qualifications or limitations which materially affect the availability of such rate.

Ill. Admin. Code tit. 14, § 475.630