Rule 40-7-11-.05. Pricing and Financing
- (1) Misrepresent or fail to disclose fully and conspicuously on the Customer Order Form the terms and details of any financing arrangements, interest, service charge, credit investigation fee, membership fee, time-price differential and any costs or that there is a trial basis (if such is the case).
- (2) Fail to advise the buyer before signing any promissory note that the note may be transferred or assigned to a financial institution or third party and payment enforced by them. If any note is a cognovit note, the firm shall advise the buyer that it authorizes a confession of judgement on the note if it is not paid when due, and that a court judgement may be entered against the buyer without prior notice.
- (3) Misrepresent or fail to show the total amount that the buyer will be obligated to pay.
Authority: Ga. L. 1956, p. 195 as amended; O.C.G.A. Sec. 26-2-1et seq.
History. Original Rule entitled "Physical Characteristics" filed on June 30, 1965.
Repealed: New Rule entitled "Source of Water", adopted. F. Apr. 19, 1991; eff. May 9, 1991.
Repealed: New Rule, same title, adopted. F. May 28, 1992; eff. June 17, 1992.
Repealed: New Rule entitled "Pricing and Financing" adopted. F. Apr. 30,1996; eff. May 20, 1996.