A characteristic of a mutual agreement is that ____.

A) the patient is billed for payment in full monthly, but may make whatever payment is possible
B) it is never regulated by the Truth in Lending Act
C) the physician and the patient agree on how much each month's payment will be
D) finance charges are always applied
E) it is generally set up by a collection agency

Mutual Agreement

A consensus reached by two or more parties on a particular issue, often formalized in a contract or distinct arrangement.

Payment Full Monthly

This refers to the practice of paying the entire amount due for a service or debt every month, without carrying over any balance to the next month.

Truth in Lending Act

A national regulation aimed at encouraging the knowledgeable use of consumer credit through mandated disclosures regarding its conditions and expenses.