According to a ruling by the Minnesota Court of Appeals, lenders do not have to disclose the difference between the annual percentage rate offered to dealers and the interest rate that dealers quote to customers.

The decision ruled against a class-action claim that Ford Motor Credit Co. engaged in deceptive business practices based on failure to disclose markups on its loans, reported Automotive News.

The three-judge appeals panel said that the markup is not essential information in vehicle loan transactions. "When a retail installment contract fully discloses the total amount the consumer is required to pay, the dealer discount or markup is immaterial," said Judge Randolph Peterson.

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