[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Pages 35818-35819]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17360]


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FEDERAL TRADE COMMISSION

[Docket No. C-3732]


Huling Bros. Chevrolet, 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 requires, among other things, the 
Seattle, Washington, automobile dealerships to correctly calculate the 
annual percentage rate (APR) for financed purchases in accordance with 
Regulation Z, and to include in a clear and conspicuous manner all the 
disclosures required by law when a triggering term is used in an 
advertisement. The consent order

[[Page 35819]]

prohibits the respondents from misrepresenting the terms of financed 
deals, the APR, the amount of any periodic payment, the availability of 
any advertised credit terms, the sale price, or the availability of any 
rebate.

DATES: Complaint and Order issued April 14, 1997.\1\
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    \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, N.W., Washington, D.C. 20580.

FOR FURTHER INFORMATION CONTACT:
Charles Harwood or George Zweibel, Federal Trade Commission, Seattle 
Regional Office, 915 Second Ave., Suite 2896, Seattle, WA 98174, (206) 
220-6350.

SUPPLEMENTARY INFORMATION: On Wednesday, February 5, 1997, there was 
published in the Federal Register, 62 FR 5416, a proposed consent 
agreement with analysis In the Matter of Huling Bros. Chevrolet, 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.; 12 CFR 226)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17360 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M