Albert'S Furniture Company, Inc

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IN THE MATTER OF ALBERTS FURNITURE COMPANY, INC., ET AL.

CONSENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION AND TRUTH IN LENDING ACTS Docket C-2616. Complaint, Dec. 17, 1974—Decision, Dec. 17, 1974 Consent order requiring three Florida furniture dealers, among other things to cease violating the Truth in Lending Act by failing to disclose to consumers, in connection with the extension of consumer credit, such information as required by Regulation Z of the said Act and failing to maintain records. auau EDERAL TRADE COMMISSION. DECISIONS.

Appearances For the ‘Commission: ‘Truett M. ‘Honeycutt, Peo ‘For the p reapondents: ‘Ronald K. Smith, Coral Gables, Fla, “COMPLAINT Pursuant to the provisions of the Federal Trade Commission Act, and 7 of the Truth i in Lending Act and implementing regulation’ promulgated ve . thereunder, and by virtue of the authority vested in it by. said Acts, the. - Federal Trade Commission; having reason to believe that Albert’s Furniture: ‘Company, Ine., a corporation, Albert’s 27th Avenue Corpora- ve tion, a ‘corporation, ‘Albert’s Wilton Manor Corporation, a corporation, and Samuel Albert and Carl Nierenburg, individually and as officers of. said corporations, hereinafter sometimes referred to as respondents, have violated the provisions of said Acts, and the implementing regula- < tion promulgated under the Truth in Lending Act, and it appearing to _ the Commission that a. proceeding by it in respect thereof would be in’ — the public interest, hereby issues its complaint stating its charges in. oe that respect.as follows:

PARAGRAPH 1. Respondent Albert’s Furniture Company, Inc, isa . corporation organized, existing and doing business under and ‘by virtue’™ of the laws of the State of Florida with its principal: office and place of — business located at 1649 Northwest 36th Street, Miami, Fla. Respondent Albert’s 27th Avenue Corporation is a corporation orga-~ nized, existing and doing business under and by virtue of the laws of the State of Florida with its principal office and place of business located at 14001 Northwest 27th Avenue, Opa Locka, Fla. Respondent Albert’s Wilton Manor Corporation is a corporation orga-.nized, existing and doing business under and by virtue of the laws of the State of Florida with its principal office and place of business located at 2097 Wilton Drive, Fort Lauderdale, Fla.

Respondents Samuel Albert and Carl Nierenburg are. officers of said corporations. They formulate, direct and control the policies, acts and practices of said corporations and their address is 1649 Northwest 36th Street, Miami, Fla.

PAR: 2; Respondents are ‘now, and for some time last past have been, : engaged i in the advertising, offering for sale and retail sale and distribution of furniture to the public. ' Par. 3. In the ordinary course and conduct of their business 2 as aforesaid, respondents regularly extend consumer credit, as “consumer credit” is: defined in Regulation .Z, the implementing regulation of the | ALBERT’S FURNITURE COMPANY, INC., ET AL. auae 1647 Complaint Truth in Lending Act, duly Promulgated, by the Board of Governors of the Federal Reserve System.

Par. 4. Subsequent to July 1, 1969, respondents in the ordinary course of business as aforesaid, and in connection with credit sales, as “credit sale” is defined in Regulation Z, have caused and are causing some customers to execute a binding purchase agreement, hereinafter referred to as the “Agreement.” On this agreement, respondents provide certain consumer credit cost information. Respondents have caused and are causing certain customers to sign retail installment contracts, hereinafter referred to as “installment contract,” subsequent to the consummation of the credit sale. On this installment contract, respondents provide certain consumer credit information.

Respondents do not provide any customers with any other consumer credit cost disclosures.

By and through the use of the agreement, respondents: 1. Fail to give to the customer all the cost of credit information required by Section 226.8 of Regulation Z prior to the consummation of the sale, as required by Section 226.8(a) of Regulation Z. 2. Fail to disclose the “annual percentage rate” accurately to the nearest quarter of one percent, in accordance with Section 226.5 of Regulation Z, as required by Section 226.8(b)(2) of Regulation Z. 3. Fail to disclose the number, amount, and due dates or periods of payments scheduled to repay the indebtedness, as required by Section 226.8(b)(3) of Regulation Z.

4. Fail to disclose the sum of the payments scheduled to repay the indebtedness, and to describe that sum as the “total of payments,” as required by Section 226.8(b)(3) of Regulation Z. 5. Fail to disclose the amount, or method of computing the amount of any default, delinquency or similar charges, payable in the event of late payments, as required by Section 226.8(b)(4) of Regulation Z. 6. Fail in conjunction with the description or identification of the type of security interest held, retained or acquired, to clearly set forth that future indebtedness is secured by the property in which the security interest is retained, as required by Section 226.8(b)(5) of Regulation Z. 7. Fail to identify the method of computing any unearned portion of the finance charge in the event of prepayment of the obligation, as required by Section 226.8(b)(7) of Regulation Z. 8. Fail to use the term “cash price” to describe the price at which respondents offer, in the regular course of business to sell for cash the furniture which is the subject of the credit sale, as required by Section 226.8(c)(1) of Regulation Z.

ALBERT’S FURNITURE COMPANY, INC., ET AL. ioor 1647 Decision and Order respondents of all the jurisdictional facts set forth in the aforesaid draft of complaint, a statement that the signing of said agreement is for settlement purposes only and does not constitute an admission by respondents that the law has been violated as alleged in such complaint, and waivers and other provisions as required by the Commission’s rules; and The Commission having thereafter considered the matter and having determined that it had reason to believe that the respondents have violated the said Act, and that complaint should issue stating its charges in that respect, and having thereupon accepted the executed consent agreement and placed such agreement on the public record for a period of sixty (60) days, now in further conformity with the procedure prescribed in Section 2.34(b) of its rules, the Commission hereby issues its complaint, makes the following jurisdictional findings, and enters the following order:

1. Respondent Albert’s Furniture Company, Inc., is a corporation organized, existing and doing business under and by virtue of the laws of the State of Florida, with its office and principal place of business located at 1649 Northwest 36th Street, Miami, Fla. Respondent Albert’s 27th Avenue Corporation is a corporation organized, existing and doing business under and by virtue of the laws of the State of Florida, with its office and principal place of business located at 14001 Northwest 27th Avenue, Opa Locka, Fla. Respondent Albert’s Wilton Manor Corporation is a corporation organized, existing and doing business under and by virtue of the laws of the State of Florida, with its office and principal place of business located at 2097 Wilton Drive, Fort Lauderdale, Fla.

Respondents Samuel Albert and Carl Nierenburg are officers of said corporations. They formulate, direct and control the policies, acts and practices of said corporations and their address is 1649 Northwest 36th Street, Miami, Fla.

2. The Federal Trade Commission has jurisdiction of the subject matter of this proceeding and of the respondents, and the proceeding is in the public interest.

ORDER It is ordered, That respondents Albert’s Furniture Company, Inc., a corporation, Albert’s 27th Avenue Corporation, a corporation, and Albert’s Wilton Manor Corporation, a corporation, their successors and assigns, and their officers, and Samuel Albert and Carl Nierenburg, individually and as officers of the corporations, and respondents’ agents,

ALBERT’S FURNITURE COMPANY, INC., ET AL: «1658. “1647 oe Decision and Order 10: Failing to disclose the: ‘downpayment in property made. in - connection with a credit sale and to describe that downpayment as “the “trade-in,” as required by Section 226.8(c)(2) of Regulation Z. 11. Failing to disclose the sum of the cash downpayment and the. trade-in‘and to describe that sum as the “total downpayment, as3 1 1 3 0 0 755 588 888 50 -1 4 1 1 3 1 0 755 588 888 50 -1 5 1 1 3 1 1 755 588 159 50 96.444740 required5 1 1 3 1 2 929 596 45 41 96.994240 by5 1 1 3 1 3 990 594 137 44 93.212288 Sections 1 1 3 1 4 1136 596 189 36 66.331589 226.8(c)(2)5 1 1 3 1 5 1341 597 38 30 96.913063 of5 1 1 3 1 6 1393 597 201 38 93.265663 Regulations 1 1 3 1 7 1609 598 34 30 91.885345 Z.3 1 1 4 0 0 704 638 1374 151 -1 4 1 1 4 1 0 799 638 1195 54 -1 5 1 1 4 1 1 799 647 48 30 94.422279 12.5 1 1 4 1 2 871 645 128 39 96.965889 Failing5 1 1 4 1 3 1017 636 35 41 96.627502 to5 1 1 4 1 4 1071 646 142 31 96.642456 discloses 1 1 4 1 5 1231 644 59 34 96.937500 thes 1 1 4 1 6 1310 647 186 33 96.592522 differences 1 1 4 1 7 1515 649 39 30 96.892754 of5 1 1 4 1 8 1568 649 58 31 96.978043 thes 1 1 4 1 9 1645 650 85 30 85.298416 cash’5 1 1 4 1 10 1743 643 91 45 96.313858 prices 1 1 4 1 11 1852 651 64 30 96.873795 ands 1 1 4 1 12 1936 638 58 54 96.966156 thea 1 1 4 2 0 704 692 1374 48 -1 5 1 1 4 2 1 704 697 136 43 22.576645 totals 1 1 4 2 2 856 697 259 46 96.200935 downpayments 1 1 4 2 3 1131 698 64 30 96.200935 ands 1 1 4 2 4 1211 693 36 46 96.246841 to5 1 1 4 2 5 1263 700 152 31 72.882301 describes 1 1 4 2 6 1431 692 75 39 95.194397 that5 1 1 4 2 7 1522 692 188 40 95.194397 differences 1 1 4 2 8 1725 711 37 21 96.959938 as5 1 1 4 2 9 1779 702 58 30 96.743011 thes 1 1 4 2 10 1853 702 140 38 96.379829 “unpaid4 1 1 4 3 0 754 741 1304 75 -1 5 1 1 4 3 1 707 741 36 47 32.500519 ~~5 1 1 4 3 2 754 748 138 42 71.330688 balances 1 1 4 3 3 914 749 38 30 96.839462 of5 1 1 4 3 4 970 749 58 30 96.954506 thes 1 1 4 3 5 1045 741 84 64 96.412750 cash5 1 1 4 3 6 1151 749 120 39 81.468422 price,”5 1 1 4 3 7 1291 759 38 32 95.729507 as5 1 1 4 3 8 1350 749 157 40 96.311523 required5 1 1 4 3 9 1531 752 52 60 94.691048 by5 1 1 4 3 10 1585 749 144 66 78.869133 Sections 1 1 4 3 11 1751 742 70 74 95.386749 226.5 1 1 4 3 12 1823 753 114 61 59.074436 8(c)(3)5 1 1 4 3 13 1953 754 44 30 36.330025 ‘of3 1 1 5 0 0 620 788 1406 1634 -1 4 1 1 5 1 0 733 788 1293 54 -1 5 1 1 5 1 1 733 798 3 31 24.041046 .5 1 1 5 1 2 755 788 201 54 96.856018 Regulations 1 1 5 1 3 971 799 45 31 90.806244 Ze5 1 1 5 1 4 1255 795 17 20 0.000000 “5 1 1 5 1 5 2024 816 2 2 28.099869 :4 1 1 5 2 0 799 822 1195 73 -1 5 1 1 5 2 1 799 851 48 29 91.374443 13.5 1 1 5 2 2 871 849 130 39 96.785019 Failing5 1 1 5 2 3 1023 853 35 28 96.835251 to5 1 1 5 2 4 1082 850 143 45 96.545776 discloses 1 1 5 2 5 1248 845 59 37 96.459076 thes 1 1 5 2 6 1327 845 142 47 96.313324 amounts 1 1 5 2 7 1492 822 46 68 87.783340 of5 1 1 5 2 8 1550 839 115 45 90.841904 credits 1 1 5 2 9 1668 834 179 61 73.387527 ‘extended5 1 1 5 2 10 1870 855 65 31 95.520592 ands 1 1 5 2 11 1959 859 35 27 57.057076 to4 1 1 5 3 0 754 900 1239 64 -1 5 1 1 5 3 1 754 900 154 32 96.588272 describes 1 1 5 3 2 929 901 80 40 96.848671 that5 1 1 5 3 3 1027 893 137 45 94.009163 amounts 1 1 5 3 4 1186 912 38 21 94.009163 as5 1 1 5 3 5 1246 903 58 31 96.878777 thes 1 1 5 3 6 1327 904 167 31 65.101997 “amount:5 1 1 5 3 7 1504 903 165 61 95.004982 financed,5 1 1 5 3 8 1671 905 16 13 91.504395 ”5 1 1 5 3 9 1703 915 42 21 95.665863 as5 1 1 5 3 10 1769 900 164 54 96.948509 required5 1 1 5 3 11 1948 908 45 37 96.913399 by4 1 1 5 4 0 728 939 681 62 -1 5 1 1 5 4 1 728 972 2 2 0.000000 -5 1 1 5 4 2 754 951 135 39 78.656128 Sections 1 1 5 4 3 905 953 197 40 90.313889 226.8(c)(7)5 1 1 5 4 4 1107 953 37 30 96.335129 of5 1 1 5 4 5 1158 939 200 62 96.201073 Regulations 1 1 5 4 6 1375 955 34 30 71.216919 Z.4 1 1 5 5 0 745 981 1247 64 -1 5 1 1 5 5 1 745 998 2 2 0.000000 ~5 1 1 5 5 2 798 998 47 36 0.000000 14,5 1 1 5 5 3 869 1002 130 46 96.727699 Failing5 1 1 5 5 4 1013 1007 37 38 96.985123 to5 1 1 5 5 5 1071 1004 141 41 96.500740 discloses 1 1 5 5 6 1231 1005 58 31 96.500740 thes 1 1 5 5 7 1310 1006 149 42 95.743134 “finances 1 1 5 5 8 1478 990 141 55 96.890900 charge”5 1 1 5 5 9 1639 1007 40 31 91.673210 in.5 1 1 5 5 10 1691 981 201 58 95.338684 accordance5 1 1 5 5 11 1911 1009 81 31 97.011955 with4 1 1 5 6 0 754 1042 1238 83 -1 5 1 1 5 6 1 754 1042 134 43 96.934929 Sections 1 1 5 6 2 904 1055 70 30 96.543823 226.5 1 1 5 6 3 975 1056 26 36 76.531525 4.5 1 1 5 6 4 1003 1042 45 45 95.324341 of5 1 1 5 6 5 1063 1044 207 78 94.425224 Regulations 1 1 5 6 6 1281 1048 35 46 93.038345 Z,5 1 1 5 6 7 1330 1066 37 22 96.940987 as5 1 1 5 6 8 1372 1056 169 67 66.518448 required5 1 1 5 6 9 1557 1058 45 37 96.845139 by5 1 1 5 6 10 1618 1054 133 58 96.935074 Sections 1 1 5 6 11 1767 1061 61 45 96.557945 2265 1 1 5 6 12 1812 1060 180 65 7.252716 6.8(e8))4 1 1 5 7 0 736 1103 335 41 -1 5 1 1 5 7 1 736 1103 55 32 57.054871 of5 1 1 5 7 2 805 1099 200 45 93.020111 Regulations 1 1 5 7 3 1021 1106 50 30 84.329391 Z.4 1 1 5 8 0 797 1130 1194 73 -1 5 1 1 5 8 1 797 1157 47 30 92.655914 15.5 1 1 5 8 2 868 1156 129 45 92.655914 Failing5 1 1 5 8 3 1007 1160 39 32 92.639153 to5 1 1 5 8 4 1055 1153 142 49 96.932358 discloses 1 1 5 8 5 1209 1132 58 58 97.003601 thes 1 1 5 8 6 1280 1168 80 31 96.244080 sums 1 1 5 8 7 1366 1160 39 30 96.266853 of5 1 1 5 8 8 1414 1160 57 31 96.268356 thes 1 1 5 8 9 1483 1130 79 61 90.439476 cash5 1 1 5 8 10 1576 1160 99 42 96.961533 price,5 1 1 5 8 11 1687 1160 41 31 96.553001 all5 1 1 5 8 12 1740 1138 100 54 96.990044 others 1 1 5 8 13 1850 1146 141 57 96.960991 charges4 1 1 5 9 0 713 1193 1281 63 -1 5 1 1 5 9 1 713 1221 21 24 43.209503 .5 1 1 5 9 2 751 1202 108 40 82.107925 which5 1 1 5 9 3 872 1216 57 22 95.926300 ares 1 1 5 9 4 941 1207 174 37 95.220131 included5 1 1 5 9 5 1106 1217 34 22 96.704201 in5 1 1 5 9 6 1151 1201 58 39 96.704201 thes 1 1 5 9 7 1222 1193 138 63 96.786705 amounts 1 1 5 9 8 1363 1207 163 34 92.462280 financed5 1 1 5 9 9 1538 1211 60 30 95.654861 but5 1 1 5 9 10 1609 1211 106 31 96.598000 which5 1 1 5 9 11 1727 1222 59 20 96.936485 ares 1 1 5 9 12 1798 1215 58 27 96.560486 not5 1 1 5 9 13 1867 1216 78 35 96.507088 parts 1 1 5 9 14 1956 1213 38 30 96.320671 of4 1 1 5 10 0 729 1250 1261 62 -1 5 1 1 5 10 1 729 1250 81 39 19.568169 thes 1 1 5 10 2 822 1258 132 32 95.218475 finances 1 1 5 10 3 963 1255 136 51 96.715355 charge,5 1 1 5 10 4 1111 1254 64 36 96.809883 ands 1 1 5 10 5 1186 1254 58 37 96.688263 thes 1 1 5 10 6 1255 1250 133 52 96.899902 finances 1 1 5 10 7 1400 1257 132 55 96.867409 charge,5 1 1 5 10 8 1544 1253 64 40 96.993874 ands 1 1 5 10 9 1620 1265 35 28 96.993874 to5 1 1 5 10 10 1666 1260 154 34 96.863480 describes 1 1 5 10 11 1830 1264 75 30 96.634865 that5 1 1 5 10 12 1917 1274 73 21 96.634865 sum4 1 1 5 11 0 727 1308 1263 68 -1 5 1 1 5 11 1 727 1312 64 28 55.892582 as.5 1 1 5 11 2 820 1308 75 35 55.892582 the.5 1 1 5 11 3 905 1309 204 32 92.654419 “deferred5 1 1 5 11 4 1125 1306 186 43 3.910141 payments 1 1 5 11 5 1338 1312 135 43 18.513222 price,”5 1 1 5 11 6 1497 1322 43 30 18.513222 as5 1 1 5 11 7 1567 1313 173 57 96.331032 required5 1 1 5 11 8 1768 1314 47 38 96.348251 by5 1 1 5 11 9 1835 1313 155 63 68.671074 Section4 1 1 5 12 0 751 1360 826 40 -1 5 1 1 5 12 1 751 1360 237 41 37.770309 226.8(¢)(8)(ii)5 1 1 5 12 2 1003 1362 39 42 95.738365 of5 1 1 5 12 3 1057 1361 199 42 92.957336 Regulations 1 1 5 12 4 1273 1363 35 31 3.499443 Z.5 1 1 5 12 5 1566 1381 11 14 23.624794 84 1 1 5 13 0 796 1400 1193 59 -1 5 1 1 5 13 1 796 1407 47 35 96.858978 16.5 1 1 5 13 2 866 1405 129 45 96.925774 Failing5 1 1 5 13 3 1006 1402 36 41 96.441162 to5 1 1 5 13 4 1051 1408 165 50 95.745918 maintains 1 1 5 13 5 1226 1404 160 51 97.004112 evidences 1 1 5 13 6 1399 1404 37 41 96.996620 of5 1 1 5 13 7 1445 1414 201 43 96.749245 compliance5 1 1 5 13 8 1658 1416 80 30 96.541855 with5 1 1 5 13 9 1752 1400 199 59 96.870148 Regulations 1 1 5 13 10 1964 1407 25 40 78.831047 Z4 1 1 5 14 0 730 1452 1290 62 -1 5 1 1 5 14 1 730 1486 2 2 48.060993 -5 1 1 5 14 2 750 1464 56 30 59.067120 for5 1 1 5 14 3 827 1467 69 27 73.471786 two5 1 1 5 14 4 916 1473 99 29 73.471786 years.5 1 1 5 14 5 1039 1464 92 42 95.726677 after5 1 1 5 14 6 1151 1452 63 53 96.761070 thes 1 1 5 14 7 1231 1466 79 39 50.501343 date:5 1 1 5 14 8 1333 1467 37 30 50.501343 of5 1 1 5 14 9 1390 1458 88 56 95.352684 each5 1 1 5 14 10 1493 1467 251 37 19.622833 disclosure,as5 1 1 5 14 11 1766 1468 156 39 96.756866 required5 1 1 5 14 12 1945 1470 45 37 89.886147 by5 1 1 5 14 13 2003 1470 17 31 42.593529 _4 1 1 5 15 0 726 1515 625 39 -1 5 1 1 5 15 1 726 1515 160 43 27.988205 Sections 1 1 5 15 2 901 1515 130 36 81.382767 226.6(i)5 1 1 5 15 3 1047 1516 38 35 96.737961 of5 1 1 5 15 4 1099 1510 201 44 93.259789 Regulations 1 1 5 15 5 1316 1518 35 30 91.925491 Z.4 1 1 5 16 0 795 1556 1193 53 -1 5 1 1 5 16 1 795 1556 47 40 89.460205 17.5 1 1 5 16 2 866 1557 152 48 96.552536 Failing5 1 1 5 16 3 1011 1575 31 21 93.155098 in5 1 1 5 16 4 1059 1576 66 29 93.155098 any5 1 1 5 16 5 1140 1567 177 37 96.809685 consumers 1 1 5 16 6 1332 1554 107 45 96.865334 credits 1 1 5 16 7 1455 1569 206 30 96.865334 transactions 1 1 5 16 8 1676 1579 39 21 96.965401 or5 1 1 5 16 9 1730 1571 209 38 95.745377 advertising5 1 1 5 16 10 1952 1574 36 28 96.463669 to4 1 1 5 17 0 750 1617 1243 42 -1 5 1 1 5 17 1 750 1617 98 30 96.382507 makes 1 1 5 17 2 864 1617 43 42 96.153633 all5 1 1 5 17 3 922 1617 203 31 96.759613 disclosures5 1 1 5 17 4 1139 1614 210 45 96.330971 determined5 1 1 5 17 5 1367 1620 33 30 96.330971 in5 1 1 5 17 6 1416 1620 200 31 95.570732 accordance5 1 1 5 17 7 1633 1621 79 30 96.663643 with5 1 1 5 17 8 1731 1621 151 32 96.985687 Sections5 1 1 5 17 9 1897 1623 96 30 96.837677 226.44 1 1 5 18 0 749 1663 1265 44 -1 5 1 1 5 18 1 749 1668 65 30 96.245537 ands 1 1 5 18 2 830 1668 91 30 96.709312 226.55 1 1 5 18 3 936 1668 38 30 96.755051 of5 1 1 5 18 4 986 1668 200 38 16.916260 Regulations 1 1 5 18 5 1201 1669 25 30 16.916260 Z5 1 1 5 18 6 1242 1672 35 28 95.035652 at5 1 1 5 18 7 1291 1669 57 32 96.130417 thes 1 1 5 18 8 1364 1670 81 31 96.566704 times 1 1 5 18 9 1459 1670 64 31 96.975555 ands 1 1 5 18 10 1539 1670 33 31 96.423103 in5 1 1 5 18 11 1585 1671 59 30 96.520180 thes 1 1 5 18 12 1658 1667 149 40 96.716507 manner,5 1 1 5 18 13 1821 1663 86 39 96.082481 forms 1 1 5 18 14 1922 1673 65 30 0.000000 anda 1 1 5 19 0 749 1719 1239 57 -1 5 1 1 5 19 1 749 1722 139 27 95.638214 amounts 1 1 5 19 2 899 1719 157 39 95.638214 required5 1 1 5 19 3 1070 1720 45 38 96.813507 by5 1 1 5 19 4 1129 1719 151 57 95.625206 Sections5 1 1 5 19 5 1292 1722 101 43 95.850502 226.6,5 1 1 5 19 6 1405 1722 100 36 96.884415 226.7,5 1 1 5 19 7 1516 1722 100 37 96.537941 226.8,5 1 1 5 19 8 1629 1723 64 30 94.650955 ands 1 1 5 19 9 1705 1724 112 29 94.650955 226.105 1 1 5 19 10 1829 1723 39 31 93.259789 of5 1 1 5 19 11 1877 1724 111 38 91.896339 Regu-4 1 1 5 20 0 748 1769 156 32 -1 5 1 1 5 20 1 748 1762 104 38 93.262619 lations 1 1 5 20 2 868 1770 36 31 88.964851 Z.4 1 1 5 21 0 707 1792 1280 71 -1 5 1 1 5 21 1 707 1821 75 31 72.413490 It.is5 1 1 5 21 2 790 1821 138 39 96.616386 furthers 1 1 5 21 3 940 1792 149 67 94.528473 ordered,5 1 1 5 21 4 1102 1822 85 41 96.239418 That5 1 1 5 21 5 1201 1799 226 64 73.918495 responderita5 1 1 5 21 6 1439 1816 130 39 96.946465 delivers 1 1 5 21 7 1581 1834 20 21 96.700378 a5 1 1 5 21 8 1613 1828 83 35 96.449371 copy5 1 1 5 21 9 1710 1825 39 30 96.675858 of5 1 1 5 21 10 1759 1825 67 31 96.640831 this5 1 1 5 21 11 1839 1826 101 31 97.005432 orders 1 1 5 21 12 1952 1828 35 29 97.008575 to4 1 1 5 22 0 620 1871 1367 46 -1 5 1 1 5 22 1 620 1872 2 2 0.000000 _5 1 1 5 22 2 666 1871 42 32 55.794010 all5 1 1 5 22 3 720 1870 140 40 59.841885 presents 1 1 5 22 4 873 1872 64 30 96.474968 ands 1 1 5 22 5 950 1872 116 31 96.704346 futures 1 1 5 22 6 1079 1873 180 44 96.674080 personnel5 1 1 5 22 7 1271 1874 38 30 96.972733 of5 1 1 5 22 8 1318 1874 225 39 96.680901 respondents5 1 1 5 22 9 1556 1875 173 39 96.063019 engaged5 1 1 5 22 10 1720 1885 34 20 96.903130 in5 1 1 5 22 11 1771 1872 53 34 93.083694 thes 1 1 5 22 12 1844 1885 143 30 89.303009 consum-4 1 1 5 23 0 665 1920 1321 47 -1 5 1 1 5 23 1 665 1924 126 32 96.970337 mation5 1 1 5 23 2 804 1925 38 30 96.500877 of5 1 1 5 23 3 853 1920 65 43 96.666603 any5 1 1 5 23 4 930 1924 177 32 96.942917 extensions 1 1 5 23 5 1120 1926 38 30 97.010567 of5 1 1 5 23 6 1168 1935 178 23 96.654305 consumers 1 1 5 23 7 1357 1926 109 31 96.926094 credits 1 1 5 23 8 1479 1936 38 22 96.959564 or5 1 1 5 23 9 1528 1927 34 30 95.535095 in5 1 1 5 23 10 1572 1929 68 37 95.535095 any5 1 1 5 23 11 1652 1931 117 35 96.678680 aspects 1 1 5 23 12 1782 1928 38 30 93.287628 of5 1 1 5 23 13 1829 1935 157 32 92.177849 prepara-4 1 1 5 24 0 665 1971 1321 46 -1 5 1 1 5 24 1 665 1971 79 42 95.963341 tion,5 1 1 5 24 2 761 1977 148 30 95.963341 creations 1 1 5 24 3 927 1986 38 21 96.774414 or5 1 1 5 24 4 981 1976 132 40 97.006760 placing5 1 1 5 24 5 1130 1977 38 31 96.797775 of5 1 1 5 24 6 1181 1977 219 40 96.612076 advertising,5 1 1 5 24 7 1417 1978 64 31 96.667519 ands 1 1 5 24 8 1500 1979 74 40 96.869110 that5 1 1 5 24 9 1591 1980 225 37 96.711830 respondents5 1 1 5 24 10 1833 1989 117 22 96.897148 secures 1 1 5 24 11 1967 1990 19 21 95.540771 a4 1 1 5 25 0 664 2023 1322 76 -1 5 1 1 5 25 1 634 2025 147 41 0.000000 “signed5 1 1 5 25 2 801 2023 184 61 95.985901 statements 1 1 5 25 3 1003 2027 275 72 96.403488 acknowledging5 1 1 5 25 4 1294 2029 130 62 90.036385 receipts 1 1 5 25 5 1441 2029 38 58 96.993813 of5 1 1 5 25 6 1494 2029 71 55 96.868797 said5 1 1 5 25 7 1584 2031 99 38 70.115845 orders 1 1 5 25 8 1699 2031 96 30 94.879517 from5 1 1 5 25 9 1807 2031 80 30 96.578712 each5 1 1 5 25 10 1905 2031 81 60 79.674576 such4 1 1 5 26 0 661 2073 1105 49 -1 5 1 1 5 26 1 661 2073 135 49 93.822815 person.5 1 1 5 26 2 933 2087 4 2 34.196289 ;5 1 1 5 26 3 1763 2096 3 6 46.339027 :4 1 1 5 27 0 627 2092 1360 87 -1 5 1 1 5 27 1 627 2162 2 2 31.226646 -5 1 1 5 27 2 679 2123 12 48 49.109035 >5 1 1 5 27 3 704 2128 73 30 88.854912 Itis5 1 1 5 27 4 784 2128 139 39 96.314674 furthers 1 1 5 27 5 932 2097 149 78 95.494247 ordered,5 1 1 5 27 6 1093 2103 85 57 95.979996 That5 1 1 5 27 7 1190 2104 225 70 96.736183 respondents5 1 1 5 27 8 1428 2092 109 76 82.373718 notify5 1 1 5 27 9 1549 2116 58 45 96.948578 thes 1 1 5 27 10 1620 2119 221 60 95.722435 Commissions 1 1 5 27 11 1852 2135 36 27 93.318283 at5 1 1 5 27 12 1900 2124 87 39 93.318283 least4 1 1 5 28 0 663 2169 1323 52 -1 5 1 1 5 28 1 663 2169 107 49 96.977905 thirty5 1 1 5 28 2 786 2180 68 35 94.966919 (30)5 1 1 5 28 3 869 2180 84 38 96.625244 days5 1 1 5 28 4 968 2181 93 38 96.752953 prior5 1 1 5 28 5 1076 2179 36 32 96.561577 to5 1 1 5 28 6 1126 2179 65 40 96.417610 any5 1 1 5 28 7 1207 2181 167 39 96.731705 proposed5 1 1 5 28 8 1391 2181 152 39 96.322166 changes 1 1 5 28 9 1534 2191 33 21 96.664001 in5 1 1 5 28 10 1584 2173 56 48 96.938393 thes 1 1 5 28 11 1657 2173 175 48 93.297638 corporate5 1 1 5 28 12 1848 2193 138 28 92.922058 respon-4 1 1 5 29 0 662 2230 1323 44 -1 5 1 1 5 29 1 662 2231 81 31 96.525864 dents 1 1 5 29 2 758 2230 80 31 96.904984 such5 1 1 5 29 3 855 2240 38 21 96.976921 as5 1 1 5 29 4 907 2231 207 37 96.183266 dissolution,5 1 1 5 29 5 1121 2228 215 43 96.688080 assignments 1 1 5 29 6 1351 2242 39 21 96.416527 or5 1 1 5 29 7 1404 2226 74 37 96.072578 sales 1 1 5 29 8 1487 2232 187 39 96.928337 resulting5 1 1 5 29 9 1666 2243 33 20 97.010536 in5 1 1 5 29 10 1714 2233 58 31 96.785500 thes 1 1 5 29 11 1786 2236 199 38 96.648170 emergence4 1 1 5 30 0 662 2252 1343 74 -1 5 1 1 5 30 1 662 2282 38 32 96.949402 of5 1 1 5 30 2 712 2292 19 21 95.894066 a5 1 1 5 30 3 745 2278 175 44 94.807243 successors 1 1 5 30 4 933 2252 220 74 96.645775 corporation,5 1 1 5 30 5 1164 2283 62 31 96.355423 thes 1 1 5 30 6 1240 2278 207 36 96.538696 creations 1 1 5 30 7 1398 2274 35 52 96.500870 or5 1 1 5 30 8 1455 2283 197 31 96.500870 dissolution5 1 1 5 30 9 1666 2284 39 31 96.010056 of5 1 1 5 30 10 1716 2278 217 38 96.010056 subsidiaries5 1 1 5 30 11 1943 2278 62 37 30.936707 or4 1 1 5 31 0 661 2328 1324 72 -1 5 1 1 5 31 1 661 2342 65 29 96.625488 any5 1 1 5 31 2 738 2332 99 31 96.385536 others 1 1 5 31 3 847 2331 148 46 96.218613 changes 1 1 5 31 4 986 2342 33 20 96.660393 in5 1 1 5 31 5 1031 2332 58 31 96.998253 thes 1 1 5 31 6 1102 2333 209 45 96.793732 corporations 1 1 5 31 7 1323 2334 107 30 96.475128 which5 1 1 5 31 8 1443 2343 76 29 96.216072 may5 1 1 5 31 9 1531 2334 106 31 96.599266 affects 1 1 5 31 10 1648 2328 202 72 89.875153 compliance5 1 1 5 31 11 1858 2334 127 55 91.673653 obliga-4 1 1 5 32 0 661 2384 563 38 -1 5 1 1 5 32 1 661 2383 88 32 96.703629 tions5 1 1 5 32 2 765 2383 127 39 96.861076 arising5 1 1 5 32 3 907 2386 57 29 96.072014 outs 1 1 5 32 4 980 2384 38 31 96.947670 of5 1 1 5 32 5 1032 2385 67 30 96.548027 this5 1 1 5 32 6 1114 2385 110 31 95.666710 order. -appa. «FEDERAL TRADE COMMISSION DECISIONS _ Complaint:

Itis, further: ordered, That the individual respondents fumed herein : oe promptly notify the Commission of the discontinuance of ‘their present. : business or employment and of their affiliation with a new business or — ad employment. ‘Such: notice: shall. include respondents’ current business oS address anda statement as to the nature of the business or. employment © eee ‘in which they are engaged as, well as a description. of. their duties and 4 1 8 1 2 0 584 629 308 70 -1 5 1 8 1 2 1 584 648 5 20 31.135857 :5 1 8 1 2 2 609 629 283 70 96.293282 responsibilities.2 1 9 0 0 0 1948 320 45 30 -1 3 1 9 1 0 0 1948 320 45 30 -1 4 1 9 1 1 0 1948 320 45 30 -1 5 1 9 1 1 1 1948 320 45 30 95.000000 2 1 10 0 0 0 1948 418 96 131 -1 3 1 10 1 0 0 1948 418 96 131 -1 4 1 10 1 1 0 1948 418 96 131 -1 5 1 10 1 1 1 1948 418 96 131 95.000000 2 1 11 0 0 0 649 649 1311 84 -1 3 1 11 1 0 0 649 649 1358 84 -1 4 1 11 1 1 0 649 649 1311 84 -1 5 1 11 1 1 1 642 691 38 39 78.918571 ‘It5 1 11 1 1 2 695 689 30 32 86.612183 is5 1 11 1 1 3 735 683 139 46 96.210075 furthers 1 11 1 1 4 885 668 151 65 95.051056 ordered,5 1 11 1 1 5 1051 683 88 49 95.843224 That5 1 11 1 1 6 1153 656 58 63 96.900688 thes 1 11 1 1 7 1228 649 234 82 96.488937 respondents5 1 11 1 1 8 1469 686 117 37 96.192719 herein5 1 11 1 1 9 1600 657 95 60 86.912956 shall5 1 11 1 1 10 1694 666 126 50 82.540726 ‘within5 1 11 1 1 11 1836 684 91 40 96.419586 sixty5 1 11 1 1 12 1944 668 16 39 0.000000 .5 1 11 1 1 13 1983 696 24 25 0.352249 io2 1 12 0 0 0 593 723 1332 58 -1 3 1 12 1 0 0 593 723 1332 58 -1 4 1 12 1 1 0 593 723 1332 58 -1 5 1 12 1 1 1 593 723 2 2 51.930656 |5 1 12 1 1 2 610 729 64 52 96.494843 (60)5 1 12 1 1 3 686 740 82 39 96.989754 days5 1 12 1 1 4 780 740 92 31 96.962273 after5 1 12 1 1 5 883 738 128 32 96.519379 services 1 12 1 1 6 1022 748 89 30 96.519379 upon5 1 12 1 1 7 1121 738 92 40 96.804108 them5 1 12 1 1 8 1225 737 38 32 96.891510 of5 1 12 1 1 9 1271 737 69 32 96.587959 this5 1 12 1 1 10 1351 737 109 39 96.479286 order,5 1 12 1 1 11 1471 729 66 38 96.617363 files 1 12 1 1 12 1542 735 80 32 96.617363 with5 1 12 1 1 13 1633 736 59 31 96.871628 thes 1 12 1 1 14 1705 733 220 43 96.345657 Commission2 1 13 0 0 0 609 777 1396 74 -1 3 1 13 1 0 0 609 777 1396 74 -1 4 1 13 1 1 0 609 777 1396 74 -1 5 1 13 1 1 1 609 801 20 21 92.755096 a5 1 13 1 1 2 640 793 122 37 92.755096 report,5 1 13 1 1 3 774 789 37 35 25.120583 in.5 1 13 1 1 4 815 788 150 42 25.120583 writing,5 1 13 1 1 5 975 788 128 40 96.851692 settings 1 13 1 1 6 1113 781 113 38 96.875381 forth5 1 13 1 1 7 1216 797 34 21 96.875381 in5 1 13 1 1 8 1262 786 103 32 96.913399 details 1 13 1 1 9 1376 777 58 41 96.893951 thes 1 13 1 1 10 1446 792 141 26 96.431297 manners 1 13 1 1 11 1597 785 71 42 87.443237 ands 1 13 1 1 12 1674 777 73 47 96.854942 forms 1 13 1 1 13 1766 784 19 46 96.854942 i5 1 13 1 1 14 1776 786 33 37 96.641228 in5 1 13 1 1 15 1820 779 104 72 93.449142 which5 1 13 1 1 16 1936 785 69 38 21.339088 wey2 1 14 0 0 0 579 830 690 79 -1 3 1 14 1 0 0 579 830 690 79 -1 4 1 14 1 1 0 579 830 690 79 -1 5 1 14 1 1 1 579 863 2 2 61.914249 ..5 1 14 1 1 2 610 839 79 41 96.295883 they5 1 14 1 1 3 703 839 85 32 96.681664 have5 1 14 1 1 4 805 830 174 79 30.466454 cormptied5 1 14 1 1 5 983 837 80 64 95.420502 with5 1 14 1 1 6 1079 836 67 64 96.508293 this5 1 14 1 1 7 1162 831 107 47 96.878502 order.2 1 15 0 0 0 955 973 630 169 -1 3 1 15 1 0 0 950 973 635 169 -1 4 1 15 1 1 0 1043 973 407 67 -1 5 1 15 1 1 1 1043 997 83 40 47.629639 IN5 1 15 1 1 2 1141 973 74 67 93.941971 THES 1 15 1 1 3 1232 996 158 44 89.222969 MATTERS 1 15 1 1 4 1405 1002 45 26 89.222969 OF4 1 15 1 2 0 955 1068 630 74 -1 5 1 15 1 2 1 955 1068 184 74 75.501732 VICTOR5 1 15 1 2 2 1152 1070 41 52 87.350052 H.5 1 15 1 2 3 1209 1082 196 47 96.250862 GRABER,5 1 15 1 2 4 1422 1074 58 47 96.928116 ET5 1 15 1 2 5 1495 1089 90 42 56.668278 AL.2 1 16 0 0 0 653 1164 1228 110 -1 3 1 16 1 0 0 653 1164 1228 110 -1 4 1 16 1 1 0 685 1164 1166 57 -1 5 1 16 1 1 1 685 1186 169 26 96.943443 CONSENTS 1 16 1 1 2 874 1185 131 32 96.947937 ORDER,5 1 16 1 1 3 1022 1184 87 32 25.882172 ETC.5 1 16 1 1 4 1132 1173 40 36 95.350159 IN5 1 16 1 1 5 1179 1184 152 25 95.350159 REGARDS 1 16 1 1 6 1345 1165 50 43 96.907951 TO5 1 16 1 1 7 1405 1168 172 51 97.001564 ALLEGED5 1 16 1 1 8 1592 1164 198 57 96.497299 VIOLATIONS 1 16 1 1 9 1806 1181 45 25 96.497299 OF4 1 16 1 2 0 653 1223 1228 51 -1 5 1 16 1 2 1 653 1238 73 25 95.928970 THES 1 16 1 2 2 747 1237 163 37 94.444450 FEDERAL5 1 16 1 2 3 934 1236 114 25 94.444450 TRADES 1 16 1 2 4 1067 1235 222 25 95.596443 COMMISSIONS 1 16 1 2 5 1310 1235 83 30 95.596443 ANDS 1 16 1 2 6 1407 1234 125 25 96.724770 TRUTH5 1 16 1 2 7 1550 1233 39 24 96.107162 IN5 1 16 1 2 8 1604 1224 166 33 96.107162 LENDING5 1 16 1 2 9 1778 1223 103 34 86.958733 ACTS2 1 17 0 0 0 747 1308 1040 70 -1 3 1 17 1 0 0 747 1308 1040 70 -1 4 1 17 1 1 0 747 1308 1040 70 -1 5 1 17 1 1 1 747 1326 100 31 96.884956 Dockets 1 17 1 1 2 861 1318 105 60 74.474075 C-2617.5 1 17 1 1 3 1044 1320 164 38 96.327103 Complaint,5 1 17 1 1 4 1221 1324 62 24 96.483810 Dec.5 1 17 1 1 5 1291 1325 45 40 91.650917 23,5 1 17 1 1 6 1348 1308 235 63 79.366982 1974—Decision,5 1 17 1 1 7 1595 1322 61 24 96.006317 Dec.5 1 17 1 1 8 1668 1324 40 27 78.633133 28,5 1 17 1 1 9 1722 1323 65 42 96.396202 19742 1 18 0 0 0 588 1368 1337 226 -1 3 1 18 1 0 0 588 1368 1337 226 -1 4 1 18 1 1 0 588 1368 1337 74 -1 5 1 18 1 1 1 588 1425 14 15 56.317612 _5 1 18 1 1 2 611 1396 117 46 56.317612 Consents 1 18 1 1 3 739 1389 79 30 97.008057 orders 1 18 1 1 4 829 1387 136 38 96.854218 requiring5 1 18 1 1 5 978 1386 30 31 85.298759 115 1 18 1 1 6 1019 1392 144 35 96.513664 California5 1 18 1 1 7 1174 1392 190 36 96.442513 corporations,5 1 18 1 1 8 1375 1370 33 57 95.625664 all5 1 18 1 1 9 1419 1391 30 25 96.825394 of5 1 18 1 1 10 1457 1368 84 58 95.630936 which5 1 18 1 1 11 1554 1398 45 26 96.966034 ares 1 18 1 1 12 1610 1389 55 25 96.966034 also5 1 18 1 1 13 1676 1371 96 42 96.168472 known5 1 18 1 1 14 1785 1377 84 36 96.860252 under5 1 18 1 1 15 1879 1389 46 24 97.001419 thea 1 18 1 2 0 692 1418 1232 58 -1 5 1 18 1 2 1 692 1444 117 17 96.322655 common5 1 18 1 2 2 829 1435 82 25 96.722946 names 1 18 1 2 3 923 1435 31 24 96.986511 of5 1 18 1 2 4 969 1425 131 34 68.425430 Crescent5 1 18 1 2 5 1115 1434 129 24 96.634430 Jewelers5 1 18 1 2 6 1263 1428 147 48 96.364998 Company,5 1 18 1 2 7 1427 1428 126 40 96.705849 retailing5 1 18 1 2 8 1567 1418 119 49 96.926071 jewelry,5 1 18 1 2 9 1704 1428 152 34 96.510078 appliances5 1 18 1 2 10 1874 1430 50 25 96.758484 anda 1 18 1 3 0 692 1468 1233 49 -1 5 1 18 1 3 1 692 1479 101 25 96.731857 related5 1 18 1 3 2 805 1478 134 31 95.878616 products,5 1 18 1 3 3 949 1485 97 23 95.878616 among5 1 18 1 3 4 1057 1468 77 33 96.996475 others 1 18 1 3 5 1143 1476 90 41 96.877090 things5 1 18 1 3 6 1243 1478 28 22 96.995918 to5 1 18 1 3 7 1282 1483 78 17 96.890419 ceases 1 18 1 3 8 1370 1474 127 35 96.464569 violating5 1 18 1 3 9 1507 1474 47 24 96.777710 thes 1 18 1 3 10 1564 1473 103 25 96.714600 Truth5 1 18 1 3 11 1660 1481 24 26 96.185837 in5 1 18 1 3 12 1697 1473 122 30 96.185837 Lending5 1 18 1 3 13 1829 1473 52 24 96.988464 Acts 1 18 1 3 14 1891 1472 34 31 96.799095 by4 1 18 1 4 0 692 1513 1233 38 -1 5 1 18 1 4 1 692 1520 92 31 96.672333 failing5 1 18 1 4 2 792 1522 28 22 97.004173 to5 1 18 1 4 3 831 1518 112 25 93.285889 discloses 1 18 1 4 4 953 1521 200 25 78.013931 to-consumers,5 1 18 1 4 5 1163 1515 26 27 94.150497 in5 1 18 1 4 6 1198 1515 155 26 94.150497 connections 1 18 1 4 7 1364 1515 63 25 97.013130 with5 1 18 1 4 8 1438 1515 46 24 96.989212 thes 1 18 1 4 9 1495 1515 139 24 96.673294 extensions 1 18 1 4 10 1645 1505 30 34 96.924828 of5 1 18 1 4 11 1682 1521 142 18 96.669052 consumers 1 18 1 4 12 1833 1513 92 30 96.310043 credit,4 1 18 1 5 0 692 1556 924 38 -1 5 1 18 1 5 1 692 1560 63 26 97.019043 such5 1 18 1 5 2 769 1560 171 34 96.679657 information5 1 18 1 5 3 952 1567 30 17 96.805099 as5 1 18 1 5 4 996 1558 123 32 96.563919 required5 1 18 1 5 5 1133 1559 35 31 93.140137 by5 1 18 1 5 6 1182 1557 159 32 93.140137 Regulations 1 18 1 5 7 1355 1557 19 24 93.197227 Z5 1 18 1 5 8 1387 1557 31 24 96.975845 of5 1 18 1 5 9 1427 1557 46 24 96.800278 thes 1 18 1 5 10 1486 1556 57 25 96.803307 said5 1 18 1 5 11 1559 1556 57 24 96.102791 Act.2 1 19 0 0 0 1145 1653 240 39 -1 3 1 19 1 0 0 1145 1653 240 39 -1 4 1 19 1 1 0 1145 1653 240 39 -1 5 1 19 1 1 1 1145 1653 240 39 96.125595 Appearances2 1 20 0 0 0 652 1727 1274 123 -1 3 1 20 1 0 0 652 1727 1274 123 -1 4 1 20 1 1 0 652 1727 698 77 -1 5 1 20 1 1 1 652 1761 66 32 96.962799 For5 1 20 1 1 2 733 1761 57 31 96.652771 thes 1 20 1 1 3 807 1727 230 77 89.946075 Commission:5 1 20 1 1 4 1040 1747 128 51 37.197601 Ralph5 1 20 1 1 5 1182 1729 41 60 75.361305 E.5 1 20 1 1 6 1237 1757 113 32 96.738373 Stone.4 1 20 1 2 0 653 1803 1273 47 -1 5 1 20 1 2 1 653 1811 78 31 95.532440 For5 1 20 1 2 2 739 1810 57 32 95.823395 thes 1 20 1 2 3 819 1809 234 41 96.310410 respondents:5 1 20 1 2 4 1076 1807 122 32 93.274300 Roberts 1 20 1 2 5 1218 1807 35 31 92.646690 L.5 1 20 1 2 6 1276 1799 103 46 96.916565 Lofts,5 1 20 1 2 7 1400 1806 175 37 92.947807 Severson,5 1 20 1 2 8 1599 1804 145 38 92.327385 Werson,5 1 20 1 2 9 1766 1791 107 43 93.252373 Berke5 1 20 1 2 10 1895 1803 31 31 93.252373 &2 1 21 0 0 0 610 1857 764 118 -1 3 1 21 1 0 0 610 1857 764 118 -1 4 1 21 1 1 0 610 1857 593 45 -1 5 1 21 1 1 1 610 1860 171 42 96.142921 Melchior,5 1 21 1 1 2 797 1859 69 33 96.218414 Sans 1 21 1 1 3 882 1857 184 39 96.140167 Francisco,5 1 21 1 1 4 1084 1857 119 33 91.271866 Calif.5 1 21 1 1 5 1193 1853 14 53 0.000000 '4 1 21 1 2 0 1158 1942 216 33 -1 5 1 21 1 2 1 1158 1942 216 33 96.378853 COMPLAINT2 1 22 0 0 0 610 2014 1341 159 -1 3 1 22 1 0 0 610 2014 1341 159 -1 4 1 22 1 1 0 652 2014 1273 57 -1 5 1 22 1 1 1 652 2033 166 32 96.457230 Pursuant5 1 22 1 1 2 829 2034 37 29 96.801872 to5 1 22 1 1 3 875 2031 60 31 96.636230 thes 1 22 1 1 4 948 2030 186 41 96.693550 provisions5 1 22 1 1 5 1147 2029 37 32 96.755836 of5 1 22 1 1 6 1193 2028 57 32 96.971832 thes 1 22 1 1 7 1264 2027 145 32 96.593330 Federal5 1 22 1 1 8 1419 2026 108 33 96.936806 Trades 1 22 1 1 9 1542 2014 220 44 83.458252 Commissions 1 22 1 1 10 1776 2024 73 39 83.458252 Act,5 1 22 1 1 11 1861 2023 64 33 96.913437 anda 1 22 1 2 0 611 2072 1340 47 -1 5 1 22 1 2 1 611 2082 38 31 96.609222 of5 1 22 1 2 2 661 2082 57 31 96.609222 thes 1 22 1 2 3 733 2081 106 32 96.618065 Truth5 1 22 1 2 4 857 2080 35 35 96.829155 in5 1 22 1 2 5 907 2079 153 40 96.922302 Lending5 1 22 1 2 6 1076 2079 63 31 96.455154 Acts 1 22 1 2 7 1156 2078 63 32 96.455154 ands 1 22 1 2 8 1235 2077 58 32 96.459259 thes 1 22 1 2 9 1312 2075 251 42 96.588432 implementing5 1 22 1 2 10 1579 2074 186 41 93.295837 regulations 1 22 1 2 11 1783 2072 142 44 92.742218 promul-5 1 22 1 2 12 1949 2107 2 2 50.979382 |4 1 22 1 3 0 610 2123 1340 50 -1 5 1 22 1 3 1 610 2127 99 46 96.968956 gated5 1 22 1 3 2 728 2130 213 39 96.978630 thereunder,5 1 22 1 3 3 961 2129 65 33 96.984940 ands 1 22 1 3 4 1045 2129 44 41 96.202599 by5 1 22 1 3 5 1109 2129 108 32 96.432846 virtues 1 22 1 3 6 1236 2127 37 33 96.432846 of5 1 22 1 3 7 1290 2127 58 32 96.658890 thes 1 22 1 3 8 1367 2126 170 40 96.907547 authority5 1 22 1 3 9 1557 2125 119 33 96.850403 vested5 1 22 1 3 10 1695 2124 32 32 95.881737 in5 1 22 1 3 11 1746 2124 27 32 95.859291 it5 1 22 1 3 12 1793 2124 44 39 95.859291 by5 1 22 1 3 13 1855 2123 70 32 0.000000 said2 1 23 0 0 0 610 2173 1342 48 -1 3 1 23 1 0 0 610 2173 1377 48 -1 4 1 23 1 1 0 610 2173 1342 48 -1 5 1 23 1 1 1 610 2183 91 38 96.874924 Acts,5 1 23 1 1 2 715 2181 57 32 96.812775 thes 1 23 1 1 3 788 2181 149 32 96.163086 Federal5 1 23 1 1 4 944 2179 110 32 96.305687 Trades 1 23 1 1 5 1065 2178 233 37 96.165138 Commission,5 1 23 1 1 6 1314 2177 123 40 96.341263 having5 1 23 1 1 7 1450 2186 121 21 96.731613 reasons 1 23 1 1 8 1586 2178 35 28 95.646461 to5 1 23 1 1 9 1635 2174 128 32 95.646461 believes 1 23 1 1 10 1780 2174 74 32 96.410011 that5 1 23 1 1 11 1867 2173 120 45 70.152855 the.2 1 24 0 0 0 610 2223 1318 198 -1 3 1 24 1 0 0 610 2223 1318 198 -1 4 1 24 1 1 0 611 2223 1315 47 -1 5 1 24 1 1 1 611 2230 237 34 96.386948 above-named5 1 24 1 1 2 864 2229 237 41 96.784431 corporations,5 1 24 1 1 3 1114 2227 70 33 95.392059 ands 1 24 1 1 4 1192 2227 115 32 93.296448 Victor5 1 24 1 1 5 1323 2226 39 32 93.230461 H.5 1 24 1 1 6 1376 2225 137 42 96.835754 Graber,5 1 24 1 1 7 1526 2218 215 46 96.406342 individually5 1 24 1 1 8 1755 2223 66 36 96.389732 ands 1 24 1 1 9 1834 2233 37 21 96.655762 as5 1 24 1 1 10 1884 2232 42 22 96.655762 an4 1 24 1 2 0 610 2272 1316 46 -1 5 1 24 1 2 1 610 2281 119 33 96.327972 officers 1 24 1 2 2 744 2280 37 32 96.279167 of5 1 24 1 2 3 795 2279 82 32 96.657616 each5 1 24 1 2 4 892 2279 38 32 96.489113 of5 1 24 1 2 5 943 2278 71 33 96.489113 said5 1 24 1 2 6 1032 2277 235 41 96.417267 corporations,5 1 24 1 2 7 1284 2265 209 48 96.496605 hereinafter5 1 24 1 2 8 1509 2274 194 32 96.562157 sometimes5 1 24 1 2 9 1718 2268 156 37 96.922554 referred5 1 24 1 2 10 1891 2275 35 30 97.005745 to4 1 24 1 3 0 610 2320 1317 50 -1 5 1 24 1 3 1 610 2341 38 21 96.819305 as5 1 24 1 3 2 670 2329 238 41 96.695190 respondents,5 1 24 1 3 3 931 2328 86 31 96.878403 have5 1 24 1 3 4 1042 2326 148 32 85.118591 violated5 1 24 1 3 5 1213 2325 58 32 94.195534 thes 1 24 1 3 6 1294 2323 190 42 96.357994 provisions5 1 24 1 3 7 1507 2323 39 32 96.988632 of5 1 24 1 3 8 1567 2322 83 32 96.438095 said5 1 24 1 3 9 1663 2322 92 38 96.783066 Acts,5 1 24 1 3 10 1781 2321 80 32 96.574677 ands 1 24 1 3 11 1868 2320 59 33 96.528038 thea 1 24 1 4 0 611 2371 1317 50 -1 5 1 24 1 4 1 611 2379 249 42 96.682404 implementing5 1 24 1 4 2 880 2377 198 42 96.520538 regulation,5 1 24 1 4 3 1098 2377 64 32 96.520538 ands 1 24 1 4 4 1183 2376 26 32 96.945747 it5 1 24 1 4 5 1230 2375 183 41 96.528351 appearing5 1 24 1 4 6 1433 2377 36 30 55.592079 to.5 1 24 1 4 7 1489 2374 58 32 55.592079 thes 1 24 1 4 8 1570 2372 223 41 96.541702 Commissions 1 24 1 4 9 1812 2371 75 33 95.766884 that5 1 24 1 4 10 1908 2382 20 22 95.766884 a 1654 Complaint proceeding by it in respect. thereof would be in the public. interest, hereby issues its complaint stating its charges in that respect as follows: PARAGRAPH 1. Respondent Victor H. Graber is a corporation org2nized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business lccated at 1111 Washington Street, Oakland, Calif. It is also known as Crescent Jewelers Company.

Respondent Jewelers Distributing Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 22532 Foothill Boulevard, Hayward, Calif. It is also known as Crescent Jewelers Company.

Respondent Kelly Graber Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 2622 Missicn Street, San Francisco, Calif. It is also known as Crescent Jewelers Company.

Respondent Steven Jewelry Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 609 Fourth Street, Santa Rosa, Calif. It is also known as Crescent Jewelers Company.

Respondent Vissala Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 213 W. Main Street, Visalia, California. It is also known as Crescent Jewelers Company.

Respondent Barkell, Ine. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 2226 South Shore Center, Alameda, Calif. It is also known as Crescent Jewelers Company.

Respondent Milbourn Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 3910S Fremont Hub Shopping Center, Fremont, Calif. It is also known as Crescent Jewelers Company.

Respondent Reyla Jewelry Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 25550 E] Camino Real, Mountain View, Calif. It is also known as Crescent Jewelers Company.

575-956 O-LT - 76 - 105 Complaint 84 F.T.C.

Respondent Lisa Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 817 Market Street, San Francisco, Calif. It is also known as Crescent Jewelers Company. Respondent Vicgray Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 69 South First Street, San Jose, Calif. It is also known as Crescent Jewelers Company. Respondent Market Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 776 Market Street, San Francisco, Calif. It is also known as Crescent Jewelers Company.

Respondent Victor H. Graber is an officer, director and wholly owns each of the corporate respondents. He formulates, directs and controls the acts and practices of the corporate respondents, including the acts and practices hereinafter set forth. His address is 315 - 11th Street, Oakland, Calif.

Par. 2. Respondents are now, and for some in the past have been, engaged in the advertising, offering for sale, and sale of jewelry, appliances and related products to the public.

Par. 3. Subsequent to July 1, 1969, respondents, in order to promote the sale of jewelry, appliances and related products, have caused advertisements to be published, as “advertisement” is defined in Regulation Z, the implementing regulation of the Truth in Lending Act. These advertisements aid, promote, or assist directly or indirectly extensions — of consumer credit in connection with the sale of these products. By and through the use of the advertisements, respondents stated that no downpayment was required and the amount of the installment payments, without also stating all of the following items in terminology prescribed under Section 226.8 of Regulation Z, as required by Section 226.10(d)(2) thereof: , 1. The cash price;

2. The amount of the downpayment required or that no downpayment is required, as applicable;

3. The number and due dates or period of payments scheduled to repay the indebtedness if the credit is extended; 4. The amount of the finance charge expressed as an annual percentage rate;

5. The deferred payment price.

Par. 4. Pursuant to Section 103(q) of the Truth in Lending Act, respondents’ aforesaid failure to comply with the provisions of Regula- 1654 Decision and Order tion Z constitute violations of that Act and, pursuant to Section 108 thereof, respondents have thereby violated the Federal Trade Commission Act.

DECISION AND ORDER The Federal Trade Commission having initiated an investigation of certain acts and practices of the respondents named in the caption hereof, and the respondents having been furnished thereafter with a copy of a draft of complaint which the San Francisco Regional Office proposed to present to the Commission for its consideration and which, if issued by the Commission, would charge respondents with violation of the Federal Trade Commission Act and the Truth in Lending Act and the regulations promulgated thereunder; and The respondents and counsel for the Commission having thereafter executed an agreement containing a consent order, an admission by the respondents of all the jurisdictional facts set forth in the aforesaid draft of complaint, a statement that the signing of said agreement is for settlement purposes only and does not constitute an admission by respondents that the law has been violated as alleged in such complaint, and waivers and other provisions as required by the Commission’s rules; and , The Commission having thereafter considered the matter and having determined that it had reason to believe that the respondents have violated the said Acts, and that complaint should issue stating its . charges in that respect, and having thereupon accepted the executed consent agreement and placed such agreement on the public record for a period of sixty (60) days, now in further conformity with the procedures prescribed in Section 2.34(b) of its rules, the Commission hereby issues its complaint, makes the following jurisdictional findings, and enters the following order:

1. Respondent Victor H. Graber is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 1111 Washington Street, Oakland, Calif. It is also known as Crescent Jewelers Company.

Respondent Jewelers Distributing Co. is a corporation organized, existing and doing business under and by virtue of the iaws of the State of California with its principal office and place of business located at 22532 Foothill Boulevard, Hayward, Calif. It is also known as Crescent Jewelers Company.

Decision and Order 84 F.T.C.

Respondent Kelly Graber Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 2622 Mission Street, San Francisco, Calif. It is also known as Crescent Jewelers Company.

Respondent Steven Jewelry Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 609 Fourth Street, Santa Rosa, Calif. It is also known as Crescent Jewelers Company.

Respondent Vissala Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 213 W. Main Street, Visalia, Calif. It is also known as Crescent Jewelers Company. Respondent Barkell, Inc. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 2226 South Shore Center, Alameda, Calif. It is also known as Crescent Jewelers Company.

Respondent Milbourn, Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 39109 Fremont Hub Shopping Center, Fremont, Calif. It is also known as Crescent Jewelers Company.

Respondent Reyla Jewelry Co. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 25550 E] Camino Real, Mountain View, Calif. It is also known as Crescent Jewelers Company.

Respondent Lisa Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 817 Market Street, San Francisco, Calif. It is also known as Crescent Jewelers Company. Respondent Vicgray Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 69 South First Street, San Jose, Calif. It is also known as Crescent Jewelers Company. Respondent Market Corp. is a corporation organized, existing and doing business under and by virtue of the laws of the State of California with its principal office and place of business located at 776 Market Street, San Francisco, Calif. It is also known as Crescent Jewelers Company.

1654 Decision and Order Respondent. Victor H. Graber is an officer, director and wholly owns each of the corporate respondents. He formulates, directs and controls the acts and practices of the corporate respondents, including the acts and practices hereinafter set forth. His address is 315 - 11th Street, Oakland, Calif.

2. The Federal Trade Commission has jurisdiction of the subject matter of this proceeding and of the respondents, and the proceeding is in the public interest.

ORDER It is ordered, That respondent corporations, their successors and assigns, and their officers, and Victor H. Graber, individually and as an officer of said corporations, and respondents’ agents, representatives and employees, directly or through any corporation, subsidiary, division or other device, in connection with any advertisement to aid, promote or assist directly or indirectly any extension of consumer credit, as “consumer credit,” and “advertisement” are defined in Regulation Z (12 C.F.R. §226) of the Truth in Lending Act (Pub. L. 90-321, 15 U.S.C. 1601, et seq.), do forthwith cease and desist from: 1. Representing, directly or by implication, in any advertisement to promote the sale of jewelry, appliances and related products, as “advertisement” is defined in Regulation Z the amount of the downpayment required or that no downpayment is required, the amount of any installment payment, the dollar amount of any finance charge, the number of installments or the period of repayment, or that there is no charge for credit, unless all of the following items are stated in terminology prescribed under Section 226.8 of Regulation Z, as required by Section 226.10(d)(2) thereof: :

a. The cash price;

b. The amount of the downpayment required or that no downpayment is required, as applicable;

c. The number, amount, and due dates or period of payments scheduled to repay the indebtedness if the credit is extended, d. The amount of the finance charge expressed as an annual percentage rate;

e. The deferred payment price.

2. Failing in any consumer credit transaction or advertisement to make all disclosures determined in accordance with Sections 226.4 and 226.5 of Regulation Z, at the time and in the manner, form, and amount required by Sections 226.6, 226.8 and 226.10 of Regulation Z. Complaint 84 F.T.C, It is further ordered, That respondents deliver a copy of this order to cease and desist to each operating retail outlet and to all present and future personnel of respondents engaged in the consummation of any extension of consumer credit, and that respondents secure a signed statement acknowledging receipt of said order from each such person. It is further ordered, That respondents notify the Commission at least thirty (80) days prior to any proposed change in the corporate respondents such as dissolution, assignment or sale resulting in the emergence of a successor corporation, the creation or dissolution of subsidiaries or any other change in the corporations which may affect compliance obligations arising out of the order.

It is further ordered, That the individual respondent named herein promptly notify the Commission of the discontinuance of his present business or employment and of his affiliation with a new business or employment. Such notice shall include respondent’s current business or employment in which he is engaged as well as a description of his duties and responsibilities.

It is further ordered, That the respondents shall, within sixty (60) days after service upon them of this order, file with the Commission a report in writing, setting forth in detail the manner and form in which they have complied with this order.