SUBPART F: LEASE ADVERTISING
Section 475.710 Lease Advertising Disclosures
- It is an unfair or deceptive act to advertise the offer of a "consumer lease" if the advertisementcontains any one of the following two "triggering terms": amount of any payment or a statement of any capitalized cost reduction or other payment required prior to or at consummation or by delivery, if delivery occurs after consummation, without clearly and conspicuously disclosing:
- that the transaction is a lease in close proximity to and, where applicable, in the same decibel
- The total amount due prior to or at consummation or by delivery, if delivery occurs after consummation;
- The number, amounts, and due dates or periods of scheduled payments under the lease;
- A statement of whether a security deposit is required; and
- A statement that an extra charge may be imposed at the end of the lease term where the lessee's liability (if any) is based on the difference between the residual value of the leased property and its realized value at the end of the lease term.
- Except for the statement of a periodic payment, any affirmative or negative reference to a charge that is part of the total amount due at lease signing shall not be more prominent than that disclosure.
- An advertisement which complies with the consumer Leasing Act of 1976 (15 USC 1601 et seq.), and amendments thereto, and any regulations issued or which may be issued thereunder, shall be deemed in compliance with the provisions of this Section.
(Source: Amended at 25 Ill. Reg. 4819, effective March 20, 2001)
Section 475.720 Other Limitations, Restrictions or conditions (Repealed)
(Source: Repealed at 25 Ill. Reg. 4819, effective March 20, 2001)
SUBPART G: EXEMPTION PROVISIONS
Section 475.810 Exemption
Motor vehicle advertising shall not be subject to the provisions of the Illinois Retail Advertising Regulations, 14 Ill. Admin. Code Part 470.
BANKRUPTCY
(720 ILCS 330/)
(720 ILCS 330/0.01)
Sec. 0.01. Short title. This Act may be cited as the Loan Advertising to Bankrupts Act. (Source: P.A. 86-1324.)
(720 ILCS 330/1)
Sec. 1. No person engaged in the business of making loans or of selling any property or services under installment contracts or charge agreements may include in any solicitation of or advertisement for such business any language stating or implying that a loan or extension of credit will be made to a person who has been adjudged a bankrupt. (Source: Laws 1967, p. 3546.)
(720 ILCS 330/2)
Sec. 2. Any person violating this Act shall be guilty of a business offense and shall be fined not more than $1,000. (Source: P. A. 77-2251.)
Section 505/2J.1. Use of coupons in consumer sales
§ 2J.1. Any retail seller, or motor vehicle dealer within the meaning of Chapter 5 of the Illinois Vehicle Code, [FN1] who publishes or issues coupons for use by consumers in the purchase of specific items of merchandise in the retail outlet of the seller, or established place of business, and represents that presentation of a coupon permits the purchase of a specific item of merchandise for less than the regular price shall clearly state (a) the discount or (b) the fact that the coupon featured price is a "sale" price to which the presenter is entitled. No coupon shall be offered in connection with any retail sale of a motor vehicle.
815 I.L.C.S. 505/2J.1, IL ST CH 815 § 505/2J.1
