The Fair Debt Collection Practices Act Requires a Debt Collector

question 76

Multiple Choice

The Fair Debt Collection Practices Act requires a debt collector to provide the consumer with a written notice. What information must be contained in this notice?

• A) The amount of the debt, with interest and penalties clearly delineated.
• B) The name and phone number of the current creditor and former creditor.
• C) A statement telling the consumer that he can request verification of the alleged debt.
• D) A copy of the original credit contract with the original creditor.

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Definitions:

Skill Acquisition

The process of learning and developing new abilities or refining existing ones, often through practice and experience.

Ongoing Feedback

Continuous input on performance and progress, aimed at encouraging development and improvement.

Motivating Goals

Objectives that inspire individuals or groups to take action and persist in their efforts to achieve them.

Equity Theory

A theory of motivation that focuses on the perceived fairness of the distribution of resources within interpersonal relationships, suggesting that individuals are motivated to maintain equity between their inputs and outcomes.