Asked by Mohd Ashraff Izad Sulaiman on May 16, 2024
Verified
The credit department of Mega-Mart often calls Nora at work about an overdue bill over the objection of Nora's employer. This is a violation of
A) no federal law.
B) the Fair and Accurate Credit Transactions Act.
C) the Fair Debt Collection Practices Act.
D) the Truth-in-Lending Act.
Fair Debt Collection Practices Act
A US federal law established to eliminate abusive practices in the collection of consumer debts, promote fair debt collection, and provide consumers with an avenue for disputing and obtaining validation of debt information.
Mega-Mart
A very large retail store offering a wide variety of goods.
Overdue Bill
A financial statement or invoice that has not been paid by the due date.
- Acquire knowledge on the legal and ethical issues associated with debt collection methods.
- Understand the privileges afforded to consumers by the Fair Debt Collection Practices Act.
Verified Answer
Learning Objectives
- Acquire knowledge on the legal and ethical issues associated with debt collection methods.
- Understand the privileges afforded to consumers by the Fair Debt Collection Practices Act.
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