Asked by Kristýna Vošická on May 06, 2024

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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.
verifed

Verified Answer

VG
Verenice GasparMay 12, 2024
Final Answer :
F
Explanation :
A validation notice is a document that a debt collector must send to a debtor, explaining the amount of debt owed and to whom, as well as the rights of the debtor. This aligns with the action of explaining to a patient how much money he or she owes to a medical facility.