Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pursuant to the Fair Credit Reporting Act, a consumer reporting agency must adopt reasonable procedures to ensure that ____________ a. open - end credit plans

Pursuant to the Fair Credit Reporting Act, a consumer reporting agency must adopt reasonable procedures to ensure that ____________

a. open - end credit plans are fully disclosed

b. consumers receive minimum warranty protection

c. creditors do not regularly extend consumer credit to a debtor in amounting greater than 25,000

d. the APR does not exceed the total finance charge

e. credit-related information on individuals is used only for appropriate purposes.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions

Question

Holztman Corporation.

Answered: 1 week ago