Asked by Kristýna Vošická on May 06, 2024
Verified
Explains to a patient how much money he or she owes to a medical facility
A) third-party check
B) postal money order
C) Federal Trade Commission (FTC)
D) Fair Debt Collection Practices Act (FDCPA)
E) Truth in Lending Act (TILA)
F) validation notice
G) collection agencies
H) statute of limitations
I) skip
J) bankruptcy
Federal Trade Commission (FTC)
a U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.
Fair Debt Collection Practices Act (FDCPA)
A United States federal law established to promote fair debt collection practices, aiming to eliminate abusive, deceptive, and unfair debt collection practices.
Truth in Lending Act (TILA)
A federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.
- Recognize legal and regulatory frameworks governing medical billing and debt collection.
Verified Answer
Learning Objectives
- Recognize legal and regulatory frameworks governing medical billing and debt collection.
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