Which of the Following Statements Is True of the Penalties

question 93

Multiple Choice

Which of the following statements is true of the penalties and remedies under the Truth-in-Lending Act?

• A) There are no criminal penalties for violation of the Truth-in-Lending Act.
• B) The criminal liability provisions make creditors liable to debtors for an amount equal to thrice the finance charge.
• C) The civil liability provisions may allow creditors to be liable to debtors for an amount neither less than $4,000 nor more than $40,000 for a closed-end real estate transaction.
• D) Creditors may avoid liability in the event they make an error, provided they notify a debtor within sixty days after discovering the error and also correct the error.
• E) Creditors, in certain cases, may be allowed to collect finance charges in excess of those actually disclosed.

---

Definitions:

Sexual Dysfunctions

A variety of disorders classified by difficulties experienced during any stage of a normal sexual activity, including desire, arousal, or orgasm.

Sexual Pain Disorder

A condition characterized by significant pain during intercourse that is not caused exclusively by lack of lubrication or by other medical conditions.

Sexual Desire Disorder

A condition marked by a lack or absence of sexual desires or fantasies, which can significantly affect relationships and emotional health.

Estrogen

A hormone (the so-called female sex hormone) that promotes the development and maintenance of female physical characteristics and that is involved in sexual activity and desire,