NAC482.180. Financing advertised.

     1. The phrases “no finance charge,” “no carrying charge” or similar expressions may not be used when there is a charge for placing the transaction on a time-payment basis.

     2. Terms featuring weekly, semimonthly or other periodic payments must not be used unless purchasers are given contracts payable in accordance with those terms; for example, weekly or semimonthly payments may not be featured unless actually available.

     3. Advertised claims such as “everybody financed,” “no credit rejected,” “we finance anyone” and other similar statements, are not permitted since no dealer can be assured that financing will be extended or obtained due to adverse credit background, length or lack of employment, or bankruptcy.

     4. Advertised terms based upon payments extending beyond 36 months must clearly state the number of months and any other special considerations required to obtain these terms.

     [Dep’t of Motor Veh., Advertising Reg. § 7, eff. 3-28-66; A and renumbered as § 13, 7-21-74]