[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Pages 35818-35819]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17360]
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FEDERAL TRADE COMMISSION
[Docket No. C-3732]
Huling Bros. Chevrolet, Inc., et al.; Prohibited Trade Practices,
and Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order requires, among other things, the
Seattle, Washington, automobile dealerships to correctly calculate the
annual percentage rate (APR) for financed purchases in accordance with
Regulation Z, and to include in a clear and conspicuous manner all the
disclosures required by law when a triggering term is used in an
advertisement. The consent order
[[Page 35819]]
prohibits the respondents from misrepresenting the terms of financed
deals, the APR, the amount of any periodic payment, the availability of
any advertised credit terms, the sale price, or the availability of any
rebate.
DATES: Complaint and Order issued April 14, 1997.\1\
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\1\ Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
FOR FURTHER INFORMATION CONTACT:
Charles Harwood or George Zweibel, Federal Trade Commission, Seattle
Regional Office, 915 Second Ave., Suite 2896, Seattle, WA 98174, (206)
220-6350.
SUPPLEMENTARY INFORMATION: On Wednesday, February 5, 1997, there was
published in the Federal Register, 62 FR 5416, a proposed consent
agreement with analysis In the Matter of Huling Bros. Chevrolet, Inc.,
et al., for the purpose of soliciting public comment. Interested
parties were given sixty (60) days in which to submit comments,
suggestions or objections regarding the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat/ 719, as amended; 82 Stat. 146, 147; 15 U.S.C. 45, 1601, et
seq.; 12 CFR 226)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17360 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M
