U.S. Code » Title 15 » Chapter CHAPTER 41— CONSUMER CREDIT PROTECTION › Subchapter SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE › Part Part C— Credit Advertising and Limits on Credit Card Fees

15 U.S.C. § 1662

Advertising of downpayments and installments

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No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may state(1) that a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amount.(2) that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount.(Pub. L. 90–321, title I, § 142, May 29, 1968, 82 Stat. 158.)
Notes of Decisions
Cited in 15 cases (14 in the last 5 years), 1971–2025 · leading case: Garza v. Chicago Health Clubs, Inc., 329 F. Supp. 936 (N.D. Ill. 1971).
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Garza v. Chicago Health Clubs, Inc., 329 F. Supp. 936 (N.D. Ill. 1971). “…if, but only if, the advertisement first makes a claim that relates to credit terms. See, §§ 142, 144 of the Act, 15 U.S.C. §§ 1662 , 1664; 12 C.F.R. §§ 226 .-10(a), (d). Even assuming that injunctive relief can be granted to a private party under Chapter 3, plaintiff has…”
Davis v. Bridgecrest Acceptance Corp. (W.D. Mo. 2022). · cites it 3× “§ 1635 and “Advertising of down payments and installments” under 15 U.S.C. § 1662 . Davis does not explain how the eight counts relate to his factual allegations.”
Mason v. Capital One Auto Fin. Inc. (N.D. Ind. 2023). · cites it 2× “15 U.S.C. § 1662 (2) Mason contends that Capital One violated 15 U.”
Anderson v. Carvana (E.D. Mo. 2022). · cites it 2× “Plaintiff also claims Defendant is in violation of 15 U.S.C. § 1662 (2) because it required a down payment.”
Burgess Jr. v. Westlake Fin. (D. Nev. 2024). · cites it 2× “In any event, 16 15 U.S.C. § 1662 provides: “No advertisement to aid, promote, or assist directly or indirectly any 17 extension of consumer credit may state …(2) that a specified downpayment is required in 18 connection with any extension of consumer credit, unless the creditor…”
Burgess Jr. v. Westlake Fin. (D. Nev. 2024). · cites it 2× “17 There is no 15 U.S.C. § 1662b. However, 15 U.S.C. § 1662 provides: “No advertisement 18 to aid, promote, or assist directly or indirectly any extension of consumer credit may state … 19 (2) that a specified downpayment is required in connection with any extension of consumer…”
Hudson v. Scharf (W.D. Wash. 2022). · cites it 2× “¶ 14(A)(i) (citing 15 U.S.C. § 1662 (2).) Section 1662(2) prohibits creditors from advertising 20 “that a specified downpayment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges downpayments in that amount.”
Thigpen v. Anderson (D.N.M. 2025). · cites it 2× “Finally, Plaintiff argues that Defendant violated 15 U.S.C. § 1662 because it “advertised to aid, promote, or assist directly or indirectly in the extension of consumer credit and stated that a specified down payment of $1,000 is required by Plaintiff in connection with the…”
Archibald (S.D. Ill. 2025). · cites it 2× “” 15 U.S.C. § 1662 (2). Plaintiffs have not alleged that Defendant ran an advertisement that specified downpayment is required for an extension of consumer credit.”
Labadie v. NU Era Towing & Serv., Inc. (W.D.N.Y. 2022). “On August 13, 2020, this Court referred this case to United States Magistrate Judge Leslie G.”
Barnes v. Santander Consum. USA, Inc. (N.D. Ohio 2023). “She claims she was incorrectly told she needed to provide a down payment and then that payment went to the dealership to go toward the amount applied to pay off her financing on the Jeep in violation of 15 U.S.C. §§ 1662 and 1605. She also asserts six causes of action under the…”
Johnson v. Rov Main, Inc (E.D. Pa. 2023). “” 15 U.S.C. § 1662 (2). Johnson makes no allegations regarding any advertisements by RovMain, including any referencing a down payment amount that RovMain does not “usually and customarily” arrange.”
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