Under the Fair Credit Billing Act, If a Consumer Reports

question 74

Multiple Choice

Under the Fair Credit Billing Act, if a consumer reports an error in the amount on his charge account bill, until the creditor responds, it cannot:

• A) take any action to collect the disputed amount.
• B) restrict the use of an open-ended credit account because the disputed amount is unpaid.
• C) report the disputed amount as delinquent.
• D) All of these are correct.

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Definitions:

Racial Differences

The distinctions in physical characteristics and cultural practices observed between different racial groups.

Self-Images

Individuals’ perceptions and evaluations of themselves, encompassing both physical and psychological aspects.

Self-Affirming Task

An activity designed to promote self-validation and reinforce positive self-image.

Self-Serving Bias

The common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures.