[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Page 35818]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17359]


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FEDERAL TRADE COMMISSION

[Dkt. C-3734]


Herb Gordon Auto World, 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 or deceptive acts or practices and unfair methods of 
competition, this consent order prohibits, among other things, the 
Maryland company and its seven dealerships from obscuring important 
cost information in fine or unreadable print, from advertising financed 
purchase or leasing terms that are not available to consumers, and from 
misrepresenting the terms of financing or leasing any vehicle, the 
existence of the amount of any balloon payment, or the existence, 
number or amount of payments for financed purchases. The consent order 
requires the respondents to make all the disclosures required by the 
Truth in Lending Act, Regulation Z, Consumer Leasing Act, and 
Regulation M, and to ensure that the disclosures are noticeable, 
readable, and comprehensible to an ordinary customer.

DATES: Complaint and Order issued April 15, 1997.\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: David Medine or Carole Reynolds, FTC/
S-4429, Washington, DC 20580. (202) 326-3224 or 326-3230.

SUPPLEMENTARY INFORMATION: On Wednesday, February 5, 1997, there was 
published in the Federal Register , 62 FR 5414, a proposed consent 
agreement with analysis In the Matter of Herb Gordon Auto World, 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.; 15 U.S.C. 1667-1667e; 12 CFR 226)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17359 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M