Under the Fair Credit Billing Act, If a Consumer Reports

question 67

Multiple Choice

Under the Fair Credit Billing Act, if a consumer reports an error in the amount on his charge account bill, until the creditor responds, the creditor cannot:

• A)take any action to collect the disputed amount.
• B)restrict the use of an open-ended credit account because the disputed amount is unpaid.
• C)report the disputed amount as delinquent.
• D)All of the above are correct.

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Definitions:

Permanent Legal Residents

Individuals who have been granted the right to live indefinitely within a country but are not citizens of that country.

Migration Costs

expenses incurred by individuals or families when moving from one location to another, which may include transportation, housing, and administrative costs.

Country of Origin

Refers to the country where a product was manufactured or where a service originated from.

High Wage Rates

Refers to employment compensation that is at the upper end of the pay scale within a specific industry or region.