15 U.S.C. § 1663 | Advertising of open end credit plans

No advertisement to aid, promote, or assist directly or indirectly the extension of consumer credit under an open end credit plan may set forth any of the specific terms of that plan unless it also clearly and conspicuously sets forth all of the following items:

(1)

Any minimum or fixed amount which could be imposed.

(2)

In any case in which periodic rates may be used to compute the finance charge, the periodic rates expressed as annual percentage rates.

(3)

Any other term that the Bureau may by regulation require to be disclosed.

Pub. L. 90–321, title I, § 143May 29, 196882 Stat. 158 Pub. L. 96–221, title VIMar. 31, 198094 Stat. 177 Pub. L. 111–203, title X, § 1100A(2)July 21, 2010124 Stat. 2107 (, , ; , §§ 613(f), 619(a), , , 183; , , .)

Editorial Notes

Amendments

Pub. L. 111–2032010—Par. (3). substituted “Bureau” for “Board”.

Pub. L. 96–221 section 1637(a)(5) of this title1980— in existing introductory text struck out applicability of rate determined under , and amended section generally substituting items setting forth minimum or fixed amount, etc., set out in pars. (1) to (3), for items time period, etc., set out in pars. (1) to (5).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Pub. L. 111–203 section 1100H of Pub. L. 111–203 section 552a of Title 5Amendment by effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.

Effective Date of 1980 Amendment

Pub. L. 96–221Mar. 31, 1980section 625 of Pub. L. 96–221 section 1602 of this titleAmendment by effective on expiration of two years and six months after , with all regulations, forms, and clauses required to be prescribed to be promulgated at least one year prior to such effective date, and allowing any creditor to comply with any amendments, in accordance with the regulations, forms, and clauses prescribed by the Board prior to such effective date, see , set out as a note under .