Which of the following statements is true for gift cards?
A) They are subject to TILA regulations.
B) Recipients have 2 years to use the cards.
C) A fee can be assessed if the card has not been used within 6 months.
D) A fee can only be assessed if a customer is first notified of the fees.
Correct Answer:
Verified
Q10: The Equal Credit Opportunity Act prohibits discrimination
Q11: The FTC:
A)has authority to decide whether specific
Q13: Geoffrey is a car dealer in Austin,Texas.His
Q13: The Consumer Product Safety Commission (CPSC)'s authority
Q14: The FTC rules prohibit a telemarketer or
Q16: The TILA fixes interest rates.
Q17: One of the purposes of the TILA
Q18: The Telemarketing and Consumer Fraud and Abuse
Q20: The Fair Debt Collection Practices Act affects
Q20: The FTC does not prohibit pre-recorded telemarketing
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