The Illinois Consumer Fraud Act (ICFA) to Protect you Against Misrepresentation - An omission or concealment of a material fact in the conduct of an Illinois new or used car deal constitutes consumer fraud because, a buyer would act differently if he has the information of the material fact of the Illinois new or used car. |
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You are here: DIME Home > Finance > The Illinois Consumer Fraud Act (ICFA) to Protect you Against Misrepresentation
An omission or concealment of a material fact in the conduct of an Illinois new or used car deal constitutes consumer fraud because, a buyer would act differently if he has the information of the material fact of the Illinois new or used car.
Author: johnkenvin
Date: Aug 25, 2011 - 2:46:30 AM
The Consumer Federation of America (CFA), the National Association of Consumer Agency Administrators (NACAA), and the North American Consumer Protection Investigators (NACPI) collectively looked at more than a half million complaints in 18 different states, in a 2010 complaint survey conducted by them.
Auto-related complaints were quoted as the top issue by consumers and consumer protection agencies for the second year in a row, in this 2010 complaint survey conducted by these three government agencies. These auto-related complaints include misrepresentations in advertising or sales of new and used cars, lemon buy backs and used cars with faulty repairs. These auto-related complaints also include misrepresentations regarding the leasing and towing disputes of the used cars.
The Illinois Consumer Fraud Act (ICFA) is a potential weapon against misrepresentation, concealment and unfair or deceptive practices for an Illinois car consumer to take advantage of.
According to the ICFA the following conduct is unlawful by an Illinois car dealer:
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