Fair debt collections act - Study guides, Class notes & Summaries

Fair Debt Collections Practices Act (FDCPA) - CRCM Study Guide with complete solutions

1. Which of the following is the correct response to consumer written requests that they not be contacted again by debt collectors? A. Collectors may send final demand letters. B. Collectors may send letters explaining that defaulted obligations are being turned over to attorneys for legal action. C. Collectors may call and ask for verification of requests to cease communications. D. Collectors may send letters that remind debtors of their legal obligations under the credit contracts. - B...

Fair Debt Collection Practices Act (FDCPA)Questions with complete solutions

FDCPA (Fair Debt Collections Practices Act) – Questions & Answers

Fair Debt Collection Practices Act

Fair Debt Collection Practices Act Final Assessment

Fair Debt Collection Practices Act Guide

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

FDCPA applies only to collection of obligations by consumers for ____, ____, or ____ purposes. - personal, family, household Name the three elements that define a 'debt collector' under FDCPA? - 1 - A person operating a business whose principal purpose is to collect debts 2 - A person who regularly collects or attempts to collect debts owed to another 3 - A creditor who collects its own debts using a name other than its own, giving impression it is a third party Name at least two exclus...

hat debts does FDCPA apply to? - It only applies to debt incurred by a consumer primarily for personal, family, or household purposes. (excludes corporate debt or agricultural or business purpose debt) What debt collectors are covered under FDCPA? - - A person who regularly collects, attempts to collect, CONSUMER debts - for ANOTHER person/institution or its own consumer debts under ANOTHER name What institutions are NOT considered debt collectors? (7 general categories) - -collects anothe...