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1
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DECISION & ORDER
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EXTRACTED KEY WORDS
COMMISSION CONSUMER REGULATION AMOUNT ADVERTISEMENT LEASE BOMMARITO PAYMENT FEDERAL TRADE COMMISSION COMPLAINT FRANK DISCLOSURE ACT BOMMARITO OLDSMOBILE OFFICER BUSINESS REVISED REGULATION VIOLATION TOTAL AMOUNT SUCCESSORS UTILIZING FACTS DELIVERY CONTRAST MANNER LESSEE EMPLOYMENT DIRECTORS CLA |
9523202
B231237
UNITED STATES OF AMERICA
BEFORE FEDERAL TRADE COMMISSION
COMMISSIONERS:
Robert Pitofsky, Chairman
Mary L. Azcuenaga
Sheila F. Anthony
Mozelle W. Thompson
Orson Swindle
In The Matter of
FRANK BOMMARITO OLDSMOBILE, INC., a corporation, and FRANK J.
BOMMARITO, individually and as an officer of the corporation.
DOCKET NO. C-3774
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 Bureau of Consumer Protection
proposed to present to the Commission for its consideration and which,
if issued by the Commission, would charge the respondents with
violation of the Federal Trade Commission Act, the Consumer Leasing
Act and its implementing Regulation M, and the Truth in Lending Act
and its implementing Regulation Z; and
The respondents, their attorneys, 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 the respondents that the law has been violated as
alleged in such complaint, or that the facts as alleged in such
complaint, other than jurisdictional facts, are true 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 Regulations, and that a 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 of its Rules,
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2
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CONSENT AGREEMENT
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EXTRACTED KEY WORDS
FEDERAL TRADE COMMISSION FRANK BOMMARITO OLDSMOBILE ACT COMPLAINT PRACTICES PROPOSED RESPONDENTS LEASE ADVERTISEMENTS OFFICER REPRESENTATION AMOUNT AGREEMENT CONSUMER PAYMENT BUSINESS DRAFT COMPLAINT REGULATION PRINCIPAL OFFICE DISCLOSURE PRINT STATEMENT UNITED STATES CONSENT ORDER TOTAL AMOUNT LEASE INCEPTION ADVERTISED VEHICLES MONEY VIOLATION ACQUISITION FEE AFFECTING COMMERCE |
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
)
In The Matter of )
) File No. 9523202
FRANK BOMMARITO OLDSMOBILE, INC., )
a corporation, and ) AGREEMENT CONTAINING
) CONSENT ORDER
FRANK J. BOMMARITO, )
individually and as an )
officer of the corporation. )
)
The Federal Trade Commission has conducted an investigation
of certain acts and practices of Frank Bommarito Oldsmobile,
Inc., a corporation, and Frank J. Bommarito, individually and as
an officer of the corporation ("proposed respondents"). Proposed
respondents, having been represented by counsel, are willing to
enter into an agreement containing a consent order resolving the
allegations contained in the attached draft complaint.
Therefore,
IT IS HEREBY AGREED by and between Frank Bommarito
Oldsmobile, Inc., by its duly authorized officers, and Frank J.
Bommarito, individually and as an officer of the corporation, and
counsel for the Federal Trade Commission that:
1.a. Proposed respondent Frank Bommarito Oldsmobile, Inc. is a
Delaware corporation with its principal office or place of
business at 15736 Manchester Road, Ballwin, Missouri 63011.
1.b. Proposed respondent Frank J. Bommarito is an officer of the
corporate respondent. Individually or in concert with others, he
formulates, directs, or controls the policies, acts, or practices
of the corporation. His principal office or place of business is
the same as that of Frank Bommarito Oldsmobile, Inc.
2. Proposed respondents admit all the jurisdictional facts set
forth in the draft complaint.
3. Proposed respondents waive:
a. Any further procedural steps;
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3
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COMPLAINT
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EXTRACTED KEY WORDS
ADVERTISEMENTS RESPONDENTS ACT CONSUMERS AMOUNT PAYMENT FEDERAL TRADE COMMISSION EXHIBIT CREDIT PRACTICES BOMMARITO VIOLATIONS REGULATION MONEY FEE DISCLOSE FRANK BOMMARITO OLDSMOBILE SALE ADVERTISED VEHICLES OFFICER TRUTH ALLEGES AFFECTING COMMERCE PRICE BOTTOM LEASE INCEPTION REPRESENTATION MILES ACQUISITION FEE |
9523202
B231237
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
In The Matter of
FRANK BOMMARITO OLDSMOBILE, INC., a corporation, and FRANK J.
BOMMARITO, individually and as an officer of the corporation.
DOCKET NO. C-3774
COMPLAINT
The Federal Trade Commission, having reason to believe that Frank
Bommarito Oldsmobile, Inc., a corporation, and Frank J. Bommarito,
individually and as an officer of the corporation ("respondents"),
have violated the provisions of the Federal Trade Commission Act, 15
U.S.C. §§ 45-58, as amended, the Consumer Leasing Act, 15 U.S.C.
§§ 1667-1667e, as amended, and its implementing Regulation M, 12
C.F.R. § 213, as amended, and the Truth in Lending Act, 15 U.S.C.
1601-1667, as amended, and its implementing Regulation Z, 12 C.F.R.
§ 226, as amended, and it appearing to the Commission that this
proceeding is in the public interest, alleges:
1. Respondent Frank Bommarito Oldsmobile, Inc. is a Delaware
corporation with its principal office or place of business at 15736
Manchester Road, Ballwin, Missouri 63011. Respondent offers
automobiles for sale or lease to consumers.
2. Respondent Frank J. Bommarito is an officer of the corporate
respondent. Individually or in concert with others, he formulates,
directs, or controls the policies, acts, or practices of the
corporation, including the acts or practices alleged in this
complaint. His principal office or place of business is the same as
that of Frank Bommarito Oldsmobile, Inc.
3. Respondents have disseminated advertisements to the public that
promote consumer leases, as the terms "advertisement" and "consumer
lease" are defined in Section 213.2 of Regulation M, 12 C.F.R.
§ 213.2, as amended.
4. Respondents have disseminated advertisements to the public that
promote credit sales and other extensions of closed-end credit in
consumer credit transactions, as the terms "advertisement," "credit
sale," and "consumer credit" are defined in Section 226.2 of
Regulation Z, 12 C.F.R. § 226.2, as amended.
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