Penalties for Violation of the Truth-In-Lending Laws Include

question 19

Multiple Choice

Penalties for violation of the truth-in-lending laws include

• A) a fine of up to $5,000 and/or imprisonment for up to 1 year.
• B) penalties up to twice the amount of the finance charge up to a maximum of $1,000.
• C) Court costs, attorney fees, and actual damages.
• D) all of the above.

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Definitions:

Emulate

Attempting to match or surpass someone or something by imitation or to replicate their success as a model.

Decision

The act of making a choice among available alternatives, often considered within the context of problem-solving or therapy.

Significant Influence

A substantial impact on or effect in determining the behavior, opinions, or development of someone or something.

Helping Professions

Careers and fields dedicated to aiding individuals, families, groups, and communities in improving their well-being and resolving personal or social issues.