Under 2009 Amendments to the Truth in Lending Act, Credit

question 79

True/False

Under 2009 amendments to the Truth in Lending Act, credit card companies cannot increase their interest rate unless they give customers 120 days' notice.

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Definitions:

Dissolve

The process of legally dissolving a corporation or partnership, effectively terminating its existence.

Termination

The act of ending something, such as a contract, employment, or agreement, either through mutual consent or by one party's decision.

Appraisal Rights

Legal rights that allow shareholders to demand an independent evaluation of their shares' value, typically in the context of a corporate action like a merger.

Dissenting Shareholders

Shareholders who do not agree with certain corporate actions, such as mergers or acquisitions, and may have rights to receive payment for their shares.