Asked by Gabriel Padilla on Apr 27, 2024
Verified
In written contracts,this starts from the date due
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
Written Contracts
Legally binding agreements captured in writing that specify the duties, rights, and obligations of each party.
Date Due
The specified day by which an obligation must be fulfilled or a payment must be made.
- Understand the legal time limits for the collection of patient debts.
- Acquire knowledge on adhering to ethical norms and regulations in billing and collections processes, including the management of credit balances and the mandatory disclosures under the Truth in Lending Act and the Fair Debt Collection Practices Act.
Verified Answer
JL
jacob lapointeApr 30, 2024
Final Answer :
H
Explanation :
The statute of limitations in the context of debt refers to the period during which a creditor can legally sue to collect a debt. This period typically starts from the date the debt was due or the date of the last payment, depending on the specific laws of the jurisdiction.
Learning Objectives
- Understand the legal time limits for the collection of patient debts.
- Acquire knowledge on adhering to ethical norms and regulations in billing and collections processes, including the management of credit balances and the mandatory disclosures under the Truth in Lending Act and the Fair Debt Collection Practices Act.