[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] ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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\ --------------------------------------------------------------------------- \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