Submitted by SLM on Thu, 01/21/2010 - 08:50
Posted in
Is it illegal in Massachusetts for a used car dealer to get you to put down a deposit on a car based on a promised financing rate then tell you you have to pay a higher rate because you did not qualify for the the better rate? I mean is there some specific law that I can show him to help get my deposit back?
Read Similar Questions
- Change in loan rate after commitment letter
- Changing Rate on Loan Commitment Letter
- Employer refusing to pay me increased rate until I sign my contract (they tell me now and I've been doing the new job for a week
- Can I negotiate a lower credit card interest rate?
- Success rate for divorce mediation in Massachusetts
- Promotion without pay rate disclosed
- Notice Required Prior to Move-Out
- Remove Spouse's Name From Mortgage
- Unfair and deceptive practice by a thrift institution in a mortgage refinancing
- Renegotiating loan terms before reaffirmation
Recent Posts about Massachusetts Laws
| Forum | Last post |
|---|---|
|
I have a lease until June 2012, but I am very unhappy with my living situation, I pay half of the rent. I am a....
I cannot answer this question based upon your statement. Who are they....
|
2/8/2012 11:00 by Alexm2012 |
|
Is it legal for Massachusetts employer to send a SALARIED employee home for the day, without pay, for a dress ....
Federal and Massachusetts courts have upheld employee dress codes as l....
|
2/8/2012 09:09 by Munsterwoman |
|
Hi, I'm the grandmother of 4 beautiful grandchildren. The oldest has hit a rough spot with defiance (puberty ....
I'm very sorry about your situation and the ordeal your family is goin....
|
2/7/2012 23:02 by gramy |
|
Hello. I'm in the middle of an appeal for SSDI and my attorney asked me to get a residual functional capacity....
First, I guess it's not a good sign that you do not trust your current....
|
2/7/2012 08:18 by Adam13 |
|
Hi everybody.
I am trying to make an offer on a house, which is an estate sale. As I understand, the execut....
|
2/6/2012 13:50 by ilya980 |
|
I've been helping a friend pay for a lawyer to go to probate court.
Her ex-Boyfriend, whom she is taking to c....
|
2/6/2012 12:21 by rbiddle |
|
If I witness a person getting beat up at a party and just run away without calling the cops or helping the guy....
I don't think so. In terms of civil liability (as opposed to cri....
|
2/3/2012 07:17 by Coller |
|
My father passed away in September. The probate is over and settled, no contests to the will. My mother is the....
Your dad died in September and the probate is already settled – ....
|
2/2/2012 18:50 by JGraul |
|
Hi. My cousin is charged with possession with intent to distribute drugs in a Massachusetts court. He is not a....
Unfortunately for your cousin, if an immigrant is convicted of certain....
|
2/2/2012 08:07 by Sister6 |
|
Just curious if you have any thoughts or have read any information regarding the success rate of divorce media....
Yes, I've also seen the 90% estimate on various websites, with some me....
|
1/24/2012 11:47 by RRM |
|
Several of my colleagues will dictate consultation notes in which they state they don't have the complete hist....
The question probably boils down to whether or not such practice is wi....
|
10/2/2011 18:37 by Anonymous |
Editor's Response
I do not know the exact circumstances of the incident you describe, and your outcome will depend on what, exactly, the dealer said. I will assume the dealer will argue that he or she did not promise a rate, but merely told you what rates you might qualify for. In any case, there are regulations promulgated pursuant to Massachusetts General Laws Chapter 93A, our consumer protection act, that spell out certain specific acts that are considered unfair and deceptive. 940 CMR 3.05 prohibits "General Misrepresentations" as follows:
No claim or representation shall be made by any means concerning a product which directly, or by implication, or by failure to adequately disclose additional relevant information, has the capacity or tendency or effect of deceiving buyers or prospective buyers in any material respect. This prohibition includes, but is not limited to, representations or claims relating to . . . financing relating to such product . . .
Hope that helps. I don't know how much money you gave as a deposit, but you might also try calling the hotline at the Massachusetts Office of Consumer Affairs at (617) 973-8787. For more information or to post a question, visit our Massachusetts Consumer Law Discussion Forum.