The Fair Debt Collection Practices Act Restricts

question 189

Multiple Choice

The Fair Debt Collection Practices Act restricts:

• A) creditors attempting to sell credit card services
• B) to ten the number of times a debt collector may contact a consumer in a 60 day period when attempting to collect a debt
• C) abusive techniques used by debt collection agencies
• D) the use of 800 number phone lines by collection agencies
• E) all of the other choices

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Definitions:

Actual Performance

The real, observed output, results, or accomplishments of a process, individual, or organization, often compared against planned or expected performance.

Predetermined Level

A set benchmark or standard established in advance to guide production activities or cost estimations.

Cost Variance

The difference between the expected (budgeted) cost of an activity and its actual cost.

Standard Cost

A predetermined cost serving as a benchmark for evaluating the actual cost performance of activities.