If a Violation of the Equal Credit Opportunity Act Occurs

question 442

Multiple Choice

If a violation of the Equal Credit Opportunity Act occurs the consumer can sue the creditor for:

• A) actual damages
• B) punitive damages up to $10,000
• C) attorney's fees
• D) court costs
• E) all of the other specific choices are correct

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Definitions:

Taste Test

An experiment or survey in which individuals sample and evaluate the flavor of different food items or beverages.

Induction

A process of reasoning from specific cases to general principles or the formal introduction of a person into a position or organization.

Competitor's Product

A good or service offered by a business rival in the same market aiming to satisfy the same customer need or demand.

Persuade

To convince someone to do or believe something through reasoning or argument.