If a debtor defaults on a credit contract, the creditor may:
A) impose a late charge.
B) garnish wages if there has been a court proceeding to enforce collection of a judgment.
C) take possession of the property securing the debt and sell it.
D) All of the above.
E) (a) and (c) are correct.
Correct Answer:
Verified
Q61: Holly, who is married to Grant, applies
Q62: Under the Credit Card Accountability, Responsibility, and
Q63: The Fair Debt Collection Practices Act requires
Q64: Homemade Soup Co.has advertised their soup in
Q66: The Fair Credit Reporting Act has to
Q68: Under the Fair Credit Billing Act, if
Q69: The Truth-in-Lending Act:
A)applies only to such lenders
Q70: If the FTC rules that a seller
Q71: What remedies are available for the Federal
Q74: The Federal Consumer Credit Protection Act:
A)sets limits
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents