---
kind: "section"
citation: "15 U.S.C. § 1662"
title: "15"
title_heading: "Commerce and Trade"
number: "1662"
heading: "Advertising of downpayments and installments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/1662"
units:
  - "Chapter 41 — Consumer Credit Protection"
  - "Subchapter I — Consumer Credit Cost Disclosure"
  - "Part C — Credit Advertising and Limits on Credit Card Fees"
---

# §1662. Advertising of downpayments and installments


No advertisement to aid, promote, or assist directly or indirectly any extension of [consumer](/usc/15/1681a.md?p=c) [credit](/usc/15/1602.md?p=f) may [state](/usc/15/1602.md?p=s)

- (1) that a specific periodic [consumer](/usc/15/1681a.md?p=c) [credit](/usc/15/1602.md?p=f) amount or installment amount can be arranged, unless the [creditor](/usc/15/1602.md?p=g) usually and customarily arranges [credit](/usc/15/1602.md?p=f) payments or installments for that period and in that amount.
- (2) that a specified downpayment is required in connection with any extension of [consumer](/usc/15/1681a.md?p=c) [credit](/usc/15/1602.md?p=f), unless the [creditor](/usc/15/1602.md?p=g) usually and customarily arranges downpayments in that amount.

## Source credit

(Pub. L. 90–321, title I, § 142, May 29, 1968, 82 Stat. 158.)