Asked by Jenna Hallett on May 28, 2024
Verified
QT Collection Agency calls Rob several times a day, and in the middle of the night, about an overdue bill that Standard Credit Company turned over to QT for collection. 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 U.S. federal law designed to eliminate abusive, deceptive, and unfair debt collection practices by debt collectors.
Standard Credit Company
A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.
- Familiarize yourself with the regulatory and ethical considerations pertinent to debt recovery practices.
- Recognize the rights of consumers under the Fair Debt Collection Practices Act.
Verified Answer
EF
Elizabeth FigueroaJun 02, 2024
Final Answer :
C
Explanation :
The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from engaging in abusive, unfair, or deceptive practices, including calling debtors at inconvenient times, such as the middle of the night.
Learning Objectives
- Familiarize yourself with the regulatory and ethical considerations pertinent to debt recovery practices.
- Recognize the rights of consumers under the Fair Debt Collection Practices Act.
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