Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE14. COMMERCE |
PART475. MOTOR VEHICLE ADVERTISING |
SUBPARTC. PRICE ADVERTISING |
§475.340. Lowest Prices - Guaranteed Lowest Prices
Latest version.
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It is an unfair or deceptive act to advertise the terms "lowest prices," "guaranteed lowest prices," "prices lower than anyone else", or words of similar import, in the advertisement, unless the dealer systematically monitors and continues to monitor competitive prices in the trade area and can substantiate such claim.