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Can you summarize HIRS 476-29?
Credit Sales > Advertising in connection with credit sales.
Short Summary
This legal document governs the advertising practices related to credit sales of goods or services primarily for personal, family, or household purposes. It applies to any person who advertises for such credit sales under an open-end credit plan or a contract providing for the extension of closed-end credit. The document specifies the information that must be included in the advertisements, such as minimum charges, annual percentage rate, membership fees, down payment amount, repayment terms, and finance charges. However, advertisements that comply with the disclosure provisions of the federal Truth in Lending Act are deemed to comply with this document’s requirements. Catalog offers to sell that meet the requirements of section 476-11 are exempt from this document. No specific penalties are mentioned in this document.
Whom does it apply to?
Any person who advertises for the credit sale of goods or services primarily for personal, family, or household purposes under an open-end credit plan or a contract providing for the extension of closed-end credit
What does it govern?
Advertising in connection with credit sales
What are exemptions?
Catalog offers to sell that conform to the requirements of section 476-11
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Hawaii