Identify and Discuss the Act That Protects Consumer-Debtors from Abusive,deceptive,and

question 12

Essay

Identify and discuss the act that protects consumer-debtors from abusive,deceptive,and unfair practices used by debt collectors.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify transactions.

Primarily Liable

Liable for paying the amount designated on an instrument when it is presented for payment.

Defaults

A failure to fulfill an obligation, especially to repay a loan on time.

Holder in Due Course

A legal term for a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.