Tia takes out a loan from Urban Bank. When she fails to make the scheduled payments, the lender advises her of further action that it will take. This violates

Question

Quizplus · Accepted Answer

The lender advising Tia of further action for failing to make scheduled payments does not violate any federal law listed. The Fair Debt Collection Practices Act applies to debt collectors, not original creditors like Urban Bank. The Fair and Accurate Credit Transactions Act and the Truth-in-Lending Act do not specifically address the scenario of a lender advising a borrower of further actions due to non-payment.

Tia Takes Out a Loan from Urban Bank