<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="12-304" title_number="12" title_name="Credit Regulations" subtitle_number="3" subtitle_name="Consumer Loans -- Credit Provisions">
  <level label="a">
    <text>A lender may not directly or indirectly print, publish, distribute, or broadcast any false, misleading, or deceptive statement regarding the rates, terms, or conditions of a loan.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>If charges or rates of charges are advertised by a licensee, the Commissioner may require him to state them fully and clearly in any manner the Commissioner considers necessary to prevent misunderstanding by a prospective borrower.</text>
    </level>
    <level label="2">
      <text>Subject to any condition which the Commissioner may impose to prevent a false impression regarding the scope or degree of protection provided by this subtitle, the Commissioner may permit or require a licensee to refer in his advertising to the fact that his business is under State supervision.</text>
    </level>
  </level>
</section>
