Are there any laws governing advertising of financial services?

Yes, there are laws governing advertising of financial services in Texas. These laws regulate the types of advertisements used by financial services companies, as well as what information must be provided in the advertisement. According to Texas law, any advertisement of a financial service must be clear and conspicuous, as well as complete and accurate. In addition, the ad must not contain false or misleading statements or omit important information. Financial services companies must also provide contact information and any specialized disclosures. Furthermore, any advertisement for variable rate loan products must include the Annual Percentage Rate (APR) and the Loan Originator’s name and license number. Financial services companies must also include a statement that the product is not available in all states, if appropriate. Any advertisement for a debt settlement or credit counseling services must include a disclosure of any fees and an indication of the company’s lifestyle impact. For any advertisement for insurance products, the ad must include key terms and conditions of the policy, such as coverage period and exclusions. Additionally, the insurance company must comply with all applicable rate and form filings by the Texas Department of Insurance. Finally, any advertisement for a security must include a description of the security, offering terms, and the name of the issuer. In short, Texas has very specific laws governing the advertising of financial services, and it is important for companies to understand and abide by these laws in order to remain compliant.

Related FAQs

What are the rules and regulations regarding advertising?
How can advertisers avoid false advertising lawsuits?
Are there any rules regarding advertising of medical products and services?
Are there any laws governing advertising of political candidates?
What are the FTC rules on endorsements and testimonials?
What are the guidelines for Green Advertising?
What obligations do advertisers have?
Are there any restrictions on the use of “contests” or “sweepstakes” in advertising?
What are the FTC rules on advertising to children?
Are there any restrictions on advertising of services provided by the Federal or state governments?

Are there any laws governing advertising of financial services?

Related FAQs

Related Blog Posts