(a) An association may use advertising, whether printed, broadcasted by radio, televised, displayed, or communicated in any other manner or make any representation that is accurate and does not misrepresent its services, contracts, investments, or financial condition. (b) The commissioner may require an association to file a true copy of the text of any advertising in the office of the commissioner at least five days prior to its issuance, circulation, or publication. Advertising filed under this subdivision may be used upon the commissionerâs express approval or failure to disapprove it within five days of its filing. (c) Associations shall not issue, circulate, or publish any advertising after notice in writing from the commissioner that in the commissionerâs opinion the advertising is inaccurate or misrepresents the associationâs services, contracts, investments, or financial condition.
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