Once an agreement has been made with the patient to accept monthly installments, what regulations apply to the written agreement?

Question

Quizplus · Accepted Answer

The Truth in Lending Act applies to written agreements for the extension of credit or payment plans with interest. It requires disclosures of the total amount financed, finance charges, and annual percentage rate, among other things. This law is designed to protect consumers from deceptive lending practices and ensure they have clear information about the terms of their loan.

Once an Agreement Has Been Made with the Patient to Accept