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Credit Laws

Match the credit laws to the description

AB
Electronic Fund Transfer ActReport where an ATM card is lost or stolen. You can be liable for ups to $500 or more
Consumer Credit Protection ActYou must be told annual perentages, rate, potential cost or any special terms.
Fair Credit Reporting ActRegulates the type of information that can be on a credit report. Also specifies who can see a copy of your credit report
Consumer Leasing ActLease agreements including terms, number of leases and amount of payments. Penalties must also be spelled out.
Truth In Lending ActLaw requries disclosure of the cost and terms of credit cards and other loans. Limits liability of credit cards to $50.
Equal Credit Opportunity ActProhibits discrimination due to national origin, gender, marital status, or age
Fair Credit Billing Actprotects you against billing mistakes on disputed items that cost $50 or more. Also unauthorized charges.
Fair Debt Collection Actdebt collectors can not harass, oppress or abuse you in order to collect a debt.


Business Teacher
West Point High School
West Point, VA

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