Mike Cook Has Been Receiving Calls at Work Every Two

question 3

Multiple Choice

Mike Cook has been receiving calls at work every two hours from a collection company that is trying to collect a past due loan from him.He believes this is harassment and that the collections company is not allowed to do this.Which consumer protection law provides protection from this type of harassment?

• A)Fair Credit Reporting Act
• B)Fair Credit Billing Act
• C)Equal Credit Opportunity Act
• D)Fair Debt Collection Practices Act
• E)Truth in Lending Act

---

Definitions:

Annual Amortization

The process of gradually writing off the initial cost of an asset over a period typically corresponding to the asset's useful life.

Investment Balance

The current value of all the investments held by an individual or entity.

Initial Value Method

The initial value method is an accounting approach where investments are recorded at their acquisition cost without subsequent adjustment for changes in market value.

Dividends Received

Dividends Received refers to the payments a shareholder gets from a corporation or a fund as a return on investment.