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Peregrine Exam Day 11 Questions And Answers With Verified Solutions Already Passed!!!
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Peregrine Exam Day 11 Questions And Answers With Verified Solutions Already Passed!!!
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Peregrine Exam Day 11 Questions AndAnswers With Verified Solutions Already
Passed!!!
interstate commerce - ANSWER✔✔ trade between two or more states
subpoena - ANSWER✔✔ a court order requiring appearance and/or testimony
Administrative Agency - ANSWER✔✔ a federal, state, or local government agency
established to perform a specific function
judical review - ANSWER✔✔ the power of the Supreme Court to declare laws and
actions of local, state, or national governments unconstitutional
Consumer Protection Laws - ANSWER✔✔ variety of laws and goverment agencies
protect the public against harmful products.
Chapter 7 Bankruptcy - ANSWER✔✔ a filing has been done, and a cease letter is
sent to each employee about three weeks before the close of the company. Next
somebody can buy your company and then no Bankruptcy will happen. If no
buyer happens, the bank or some other entity, will take a look at all the assets
and then try and sell the assets. Typically, only 1/3rd of employees are kept to
finish the loose ends of the company.
Chapter 11 Bankruptcy - ANSWER✔✔ protects an insolvent firm from creditors
during a period of reorganization to restore profitability
, Chapter 13 Bankruptcy - ANSWER✔✔ a reorganization form of bankruptcy for
individuals that allows the debtors to keep their property and use their income to
pay a portion of their debts over three to five years
Equal Credit Opportunity Act - ANSWER✔✔ Gives all applicants the same rights.
Credit providers may not discriminate based on: Age, Social Security, Housing
loans.
Fair Credit Reporting Act - ANSWER✔✔ Act that protects privacy of background
information and ensures that information supplied is accurate.
Fair Credit and Charge Card Disclosure Act - ANSWER✔✔ An amendment to the
TILA that requires disclosure of certain credit terms on credit card and charge
card solicitations and applications
Fair Credit Billing Act (FCBA) - ANSWER✔✔ sets procedures for promptly
correcting billing mistakes, refusing to make credit card payments on defective
goods, and promptly crediting payments
Home Ownership and Equity Protection Act (HOEPA) - ANSWER✔✔ An act of
Congress that addresses abusive, predatory practices in subprime lending and
sets a trigger annual percentage rate (APR) and fee levels at which loans become
subject to the law's restrictions.
Consumer Leasing Act - ANSWER✔✔ A federal statute that extends the TILA's
coverage to lease terms in consumer leases
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