(1) A creditor may not advertise, print, display, publish, distribute, broadcast, transmit or cause to be advertised, printed, displayed, published, distributed, broadcast, or transmitted in any manner any false, misleading, or deceptive statement or representation with regard to the rates, terms, or conditions of credit of a consumer credit transaction.
This section imposes no liability on the owner or personnel, as such, of any mediumin which an advertisement appears or through which it is disseminated.
Advertising that complies with the federal "Truth in Lending Act" and the federal"Consumer Leasing Act" does not violate this section.
Source: L. 2000: Entire article R&RE, p. 1217, § 1, effective July 1.
Editor's note: This section is similar to former §§ 5-2-312 and 5-2-313, as they existed prior to 2000.
Cross references: For the definitions and federal statutory cites of the "Truth in Lending Act" and the "Consumer Leasing Act", see § 5-1-302.