Section 06.20.200. Advertising of misleading statements prohibited.

Latest version.

   (a)  A person may not advertise, print, display, publish, distribute, or broadcast or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner any statement or representation with regard to the rates, terms, or conditions for the lending of money, credit, goods, or things in action in the amount or of the value of $25,000 or less, which is false, misleading, or deceptive. The department may order a licensee to desist from conduct that it finds to be in violation of this section.
   (b) The department may require rates of charge stated by a licensee to be stated fully and clearly in the manner considered necessary to prevent misunderstanding by prospective borrowers.

Notes

Implemented As

3 AAC 12.220
3 AAC 12.230
3 AAC 12.290
3 AAC 12.320

History

(Sec. 13 ch 73 SLA 1955; am Sec. 6 ch 71 SLA 1978; am Sec. 2 ch 63 SLA 1980)

                    
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