15 USC § 1662 - Advertising of downpayments and installments

---
identifier: "/us/usc/t15/s1662"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 1662 - Advertising of downpayments and installments"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "1662"
section_name: "Advertising of downpayments and installments"
chapter_number: 41
chapter_name: "CONSUMER CREDIT PROTECTION"
subchapter_number: "I"
subchapter_name: "CONSUMER CREDIT COST DISCLOSURE"
part_number: "C"
part_name: "Credit Advertising and Limits on Credit Card Fees"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 90–321, title I, § 142, May 29, 1968, 82 Stat. 158.)"
---


# § 1662. Advertising of downpayments and installments

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.

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**Source Credit**: (Pub. L. 90–321, title I, § 142, May 29, 1968, 82 Stat. 158.)