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7-3.1 Fair Debt Collection Practices Act questions with verified answers
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7-3.1 Fair Debt Collection Practices Act questions with verified answers
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7-3.1 Fair Debt Collection Practices Actabusive, deceptive, unfair - correct answer ✔✔The Fair Debt Collection Practices Act (FDCPA), effective
in 1978, was designed to eliminate __________, _____________, and _______________ debt collection
practices
personal, family, household - correct answer ✔✔The FDCPA applies only to the collection of debt
incurred by a consumer primarily for ____________, _____________, or ________________ purposes.
corporate, business, agricultural - correct answer ✔✔It does not apply to the collection of
_____________ debt or to debt for _______________ or ______________ purposes.
Debt collector - correct answer ✔✔Any person who regularly collects, or attempts to collect, consumer
debts for another person or bank or uses some other name other than its own when collecting its own
consumer debt.
1. Another's debts in isolated cases.
2. Its own debts under it own name.
3.Debts it originated and then sold but continues to service.
4. Debts that were not in default when they were obtained.
5. Debts that were obtained as security for a commercial credit transactions such as accounts receivable.
6. Debts incidental to a bona fide fiduciary relationship or escrow arrangement.
7. Debts or other banks to which it is related by common ownership or corporate control. - correct
answer ✔✔Name three things that a bank can collect and not be considered a debt collector.
1. Officers and employees of a bank that collects debts for the bank.
2. Legal process servers. - correct answer ✔✔Name two debt collectors that are not covered by FDCAP.
spouse, parent or a minor, guardian, executor or administration. - correct answer ✔✔With the collection
of a debt, the term consumer is defined as.
, before 8am and after 9pm in the consumer's time zone. - correct answer ✔✔A debt collector may not
communicate with a consumer at any unusual time, generally when?
gives permission - correct answer ✔✔A debt collector may not communicate with a consumer at any
place that is inconvenient to the consumer unless the consumer does this.
Their place of employment. - correct answer ✔✔A debt collector may not contact the consumer at?
The attorney, unless the attorney is unresponsive or agrees to allow contact with the consumer. - correct
answer ✔✔If the debt collector know the consumer has retained an attorney to handle the debt, all
contact must be with whom?
Cease all further communication. - correct answer ✔✔When the consumer refuses, in writing, to pay a
debt or requests the collector to cease further communication, the collector must do this.
1. The collection effort is being stopped.
2. Certain specified remedies ordinarily invoked may be pursued. - correct answer ✔✔When the debt
collector must cease all further communication, they can still advise the consumer of this.
When they are received by the debt collector. - correct answer ✔✔When are mailed notices from the
consumer official?
1. The consumer
2. The consumer's attorney
3. A consumer reporting agency
4. The creditor
5. The creditor's attorney
6. The debt collector's attorney - correct answer ✔✔Name three third parties that a debt collector may
contact when trying to collect a debt.
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