Asked by
ASHLEY DELEON
on Oct 23, 2024
Verified
Which of the following requires creditors to provide applicants with accurate and complete credit costs and terms?
A) Fair Debt Collection Practices Act
B) Truth in Lending Act
C) Equal Credit Opportunity Act
D) Fair Credit Reporting Act
E) Telephone Consumer Protection Act
Credit Costs
The expenses associated with borrowing money, including interest rates and fees.
Truth in Lending Act
A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.
Accurate Information
Data or details that are precise, correct, and free from error.
- Recognize the legal facets of financial dealings within medical settings, particularly laws that influence billing procedures and the rights of patients.
Verified Answer
MW
Learning Objectives
- Recognize the legal facets of financial dealings within medical settings, particularly laws that influence billing procedures and the rights of patients.