If You Default on Your Automobile Loan

question 88

Multiple Choice

If you default on your automobile loan,

• A)an advance notice to you is required before your car is repossessed.
• B)no advance notice is required before repossession.
• C)the federal consumer credit laws give you protection.
• D)you don't have to pay the full balance due on the loan.
• E)the creditor pays the towing and storage costs.

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Definitions:

Nervous system

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, central to controlling and coordinating body activities.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells, often referred to as the basic working units of the brain.

Lymphocytes

A type of white blood cell that is part of the immune system, helping the body to fight infections and diseases by recognizing antigens and producing antibodies.

Neutrophils

A type of white blood cell that helps the body fight infection by ingesting bacteria and debris.