Under the Truth-In-Lending Act, a Creditor Who Violates Disclosure Rules

question 125

True/False

Under the Truth-in-Lending Act, a creditor who violates disclosure rules may have to pay the consumer double the finance charged owed by the consumer (up to $1,000) plus attorney fees and court costs.

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Definitions:

Superego

According to Freud, the moral component of personality that incorporates social standards about what represents right and wrong.

Ego

In psychoanalytic theory, the part of the psyche that mediates between the demands of the id, superego, and reality.

Id

In Freud’s theory, the primitive, instinctive component of personality that operates according to the pleasure principle.

Rationalization

Creating false but plausible excuses to justify unacceptable behavior.