Section 361-A:10-a Advertising.
I. No person shall advertise, print, display, publish, distribute, or broadcast or permit to be advertised, printed, displayed, published, distributed, or broadcast in any manner whatsoever any statement or representation with regard to the rates, terms, or conditions for the lending of money under the provisions of this chapter which is false, misleading, or deceptive. Any reference to the amount of a loan shall refer to the original principal amount. Any statement so made of the amount of an installment, or the rate or amount of interest charges required for any loan, shall comply with the provisions of the federal Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.).
II. Advertising files shall be subject to review by the banking department during the course of any examination or investigation undertaken in accordance with this chapter.
Source. 1995, 63:8. 2003, 129:11, eff. June 12, 2003.