The Truth in Lending Act Prohibits Bill Collectors from Using

question 2

True/False

The Truth in Lending Act prohibits bill collectors from using deceptive or abusive tactics.

---

Definitions:

Order of Cash

The prioritization or sequence in which cash transactions are processed or recorded.

Order Paper

A negotiable instrument that is payable to a specific person or entity named on the document, requiring endorsement for transfer.

Negotiated

A process where two or more parties discuss terms and conditions to reach a mutual agreement.

Specific Payee

An individual or entity designated to receive a particular payment or benefit from a contractual agreement.