Section 14. (a) For the purposes of this chapter, or rules or regulations issued thereunder, a catalog or other multiple-page advertisement shall be considered a single advertisement if it clearly and conspicuously displays a credit terms table on which the information required to be stated under this chapter is clearly set forth.
(b) No advertisement to aid, promote, or assist directly or indirectly any extension of consumer credit may state:
(1) That a specific periodic consumer credit amount or installment amount can be arranged, unless the creditor usually and customarily arranges credit payments or installments for that period and in that amount;
(2) That a specified down payment is required in connection with any extension of consumer credit, unless the creditor usually and customarily arranges down payments in that amount.
(c) No advertisement to aid, promote, or assist directly or indirectly the extension of consumer credit under an open-end-credit plan may set forth any of the specific terms of that plan unless it also clearly and conspicuously sets forth all of the following items:
(1) Any minimum or fixed amount which could be imposed.
(2) In any case in which periodic rates may be used to compute the finance charge, the periodic rates expressed as annual percentage rates.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XX - Public Safety and Good Order
Chapter 140d - Consumer Credit Cost Disclosure
Section 2 - Exempt Transactions
Section 3 - Rules and Regulations
Section 4 - Finance Charge; Determination
Section 5 - Annual Percentage Rate; Determination
Section 6 - Inaccurate Disclosure of Finance Charge or Annual Percentage Rate; Adjustment
Section 7 - Disclosure of Information; Multiple Creditors or Obligors; Estimates
Section 8 - Disclosure of Information; Clear and Conspicuous Statements
Section 9 - Information Rendered Inaccurate
Section 10 - Security Interest in Property Used as Dwelling; Rescission; Liability; Application
Section 11 - Disclosure; Open End Credit Plans; Statement; Contents
Section 12 - Disclosure; Other Than Open-End-Credit Plans; Statement; Contents
Section 14 - Multiple-Page Advertisements; Contents; Open-End-Credit Plan
Section 15 - Advertisements; Other Than Open-End-Credit Plans; Contents
Section 16 - Liability of Owner or Personnel of Advertising Medium
Section 17 - Oral Response to Cost of Credit Inquiry
Section 18 - Model Disclosure Forms and Clauses
Section 19 - Time for Sending Statement; Noncompliance; Finance Charge
Section 22 - Credit Balance Exceeding One Dollar; Periodic Statement Disclosure; Contents
Section 23 - Transfer of Funds Following Default of Debt; Written Notice; Applicability
Section 24 - Guaranty of Obligations of Other Persons; Notice of Additional Obligations
Section 25 - Issuance of Credit Cards
Section 26 - Cardholder Liability for Unauthorized Use
Section 27 - Unauthorized Use of Credit Cards
Section 28 - Liability of Business for Unauthorized Use of Credit Cards
Section 28a - Cardholder Discounts; Surcharges; Finance Charge
Section 28b - Participation in Credit Card Plans; Conditions
Section 29 - Rules and Regulations; Consistency With Federal Fair Credit Billing Act
Section 30 - Inspection of Records
Section 31 - Prohibited Acts; Penalty
Section 32 - Creditor's Failure to Comply With Law; Damages
Section 34 - Unfair Trade Practices; Violations
Section 35 - Limitations on Creditors' Liability and Consumer Rescission Rights