Creditors that violate the Consumer Leasing Act are subject to the civil and criminal penalties provided in the ________ Act.

Question

Quizplus · Accepted Answer

The Consumer Leasing Act is a component of the Truth-in-Lending Act, therefore creditors that violate the Consumer Leasing Act are subject to the penalties provided in the Truth-in-Lending Act. The Fair Credit Billing Act, Fair Credit and Charge Card Disclosure Act, and Fair Debt Collection Practices Act have their own specific penalties for violations.

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