Which of the following is NOT true about the Magnuson$-$Moss Warranty Act?

Group of answer choices

The Act requires that airlines warrant the value of passenger luggage on domestic flights for $300$ per bag.

The Act requires that the FDA mediate all consumer complaints about over$-$the$-$counter$-$drug warranties.

The Act requires that consumers use a business's informal dispute resolution system to resolve product warranty issue before they can sue in court.

The Act requires the FTC to fine all companies that violate the arbitration provisions granted to them.