§475.540. Trade-Ins

Latest version.

a) It is an unfair or deceptive act to advertise or offer a specific trade-in allowance (i.e., "$2500 minimum trade-in"), or a range of amounts for trade-ins (e.g., "up to $1,000" or "as much as $1,000"), including, without limitation, that the trade-in will be valued at a specific amount or guaranteed minimum amount.

(Source: Amended at 25 Ill. Reg. 4819, effective March 20, 2001)

                    
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