[Federal Register Volume 61, Number 68 (Monday, April 8, 1996)]
[Notices]
[Page 15485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-8660]



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FEDERAL TRADE COMMISSION
[Dkt. C-3612]


Jerry's Ford Sales, Inc., et al.; Prohibited Trade Practices, and 
Affirmative Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair acts and practices and unfair methods of competition, this 
consent order requires, among other things, three corporations in 
Virginia and their President and CEO, in any advertisement to promote 
any extensions of consumer credit, to cease and desist from 
misrepresenting the terms of financing the purchase of a vehicle, 
including whether there may be a balloon payment and the amount of any 
balloon payment. The consent order also requires the respondents, in 
any advertisement to promote any extension of consumer credit, to cease 
and desist from failing to state all terms required by Secs. 226.24(b) 
and 226.24(c) of Regulation Z. The consent order also requires the 
respondents, in any advertisement to aid, promote or assist any 
consumer lease, to cease and desist from failing to state all terms 
required by Sec. 213.5(c) of Regulation M.

DATES: Complaint and Order issues August 29, 1995.\1\

    \1\ Copies of the Complaint and the Decision and Order are 
available from the Commission's Public Reference Branch, H-130, 6th 
Street & Pennsylvania Avenue NW., Washington, DC 20580.
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FOR FURTHER INFORMATION CONTACT:
Carole Reynolds, FTC/S-4429, Washington, DC 20580. (202) 326-3230.

SUPPLEMENTARY INFORMATION: On Friday, June 9, 1995, there was published 
in the Federal Register, 60 FR 30546, a proposed consent agreement with 
analysis In the Matter of Jerry's Ford Sales, Inc., et al., for the 
purpose of soliciting public comment. Interested parties were given 
sixty (60) days in which to submit comments, suggestions or objections 
regarding the proposed form of the order.
    No comments having been received, the Commission has ordered the 
issuance of the complaint in the form contemplated by the agreement, 
made its jurisdictional findings and entered an order to cease and 
desist, as set forth in the proposed consent agreement, in disposition 
of this proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38 
Stat. 719, as amended; 82 Stat. 146, 147; 15 U.S.C. 45, 1601, et 
seq.; 1667-1667e; 12 CFR 226)
Donald S. Clark,
Secretary.
[FR Doc. 96-8660 Filed 4-5-96; 8:45 am]
BILLING CODE 6750-01-M