Huling Bros. Chevrolet, Inc., et al.; Prohibited Trade Practices, and Affirmative Corrective Actions

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