Which of the Following Is a Provision of the CARD

question 22

Multiple Choice

Which of the following is a provision of the CARD Act?

• A)Lenders cannot bribe an appraiser to misstate a home's value.
• B)Manufacturers must report all potentially hazardous product defects within 24 hours of discovery.
• C)Credit card bills must be mailed at least 21 days ahead of their due dates.
• D)All of these are correct.

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Definitions:

Payment

The act of transferring money or consideration from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Invoice

A document issued by a seller to a buyer, outlining the quantities and costs of goods or services provided.

EOM

End of Month, a term often used in business and finance to denote activities, reports, or payments that are due or completed at the end of each calendar month.

Settle

To resolve or conclude (a transaction or dispute), ensuring all terms are met and any necessary payments are made.