Creditors that violate the Consumer Lease Act are subject to the civil and criminal penalties provided in the ________ Act.
A)Truth-in-Lending
B)Fair Credit Billing
C)Fair Credit and Charge Card Disclosure
D)Fair Debt Collection Practices

Question

Quizplus · Accepted Answer

The Consumer Lease Act is part of the Truth-in-Lending Act, which provides for civil and criminal penalties for violations. The other acts listed (Fair Credit Billing, Fair Credit and Charge Card Disclosure, and Fair Debt Collection Practices) are separate laws with different purposes and penalties.

Creditors That Violate the Consumer Lease Act Are Subject to the Civil