30(1)This section applies in respect of advertisements that
(a)
offer fixed credit, and
(b)
state the interest rate or amount of any payment.
30(2)A credit grantor shall ensure that an advertisement that is published by or on behalf of the credit grantor states
(a)
the APR, and
(b)
the term.
30(3)In addition to complying with subsection (2), the credit grantor shall ensure that
(a)
an advertisement for a credit sale of a specifically identified product states the cash price of the product, and
(b)
an advertisement for a credit sale of a specifically identified product in connection with which any non-interest finance charge is payable states
(i)
the cash price of the product, and
(ii)
the total cost of credit.
30(4)Notwithstanding paragraph (3)(b), an advertisement on radio, television, a billboard or another medium with similar time or space limitations need not state the total cost of credit.
30(5)Where any of the information required to be disclosed under subsection (2) or (3) would not be the same for all credit agreements to which the advertisement relates, the credit grantor shall ensure that the information is for a representative transaction and is identified as being for a representative transaction.
30(6)For the purposes of subsection (5), a transaction is a representative transaction if its terms are typical of the terms of the credit agreements to which the advertisement relates.
30(1)This section applies in respect of advertisements that
(a)
offer fixed credit, and
(b)
state the interest rate or amount of any payment.
30(2)A credit grantor shall ensure that an advertisement that is published by or on behalf of the credit grantor states
(a)
the APR, and
(b)
the term.
30(3)In addition to complying with subsection (2), the credit grantor shall ensure that
(a)
an advertisement for a credit sale of a specifically identified product states the cash price of the product, and
(b)
an advertisement for a credit sale of a specifically identified product in connection with which any non-interest finance charge is payable states
(i)
the cash price of the product, and
(ii)
the total cost of credit.
30(4)Notwithstanding paragraph (3)(b), an advertisement on radio, television, a billboard or another medium with similar time or space limitations need not state the total cost of credit.
30(5)Where any of the information required to be disclosed under subsection (2) or (3) would not be the same for all credit agreements to which the advertisement relates, the credit grantor shall ensure that the information is for a representative transaction and is identified as being for a representative transaction.
30(6)For the purposes of subsection (5), a transaction is a representative transaction if its terms are typical of the terms of the credit agreements to which the advertisement relates.