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Fair Debt Collections questions & answers graded A+ already passed
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Fair Debt Collections questions & answers graded A+ already passed
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Fair Debt CollectionsWhich of the following statements is true regarding the FDCPA's position on debt collectors who
threaten to repossess or disable property? - correct answer ✔✔A.That's the "ace up the sleeve," a
powerful last resort B.That's permissible if accompanied by an enforceable right to the property C.That's
permissible if allowed by state law
B
Which practice is permitted by the FDCPA? - correct answer ✔✔A.Obtaining the consumer's phone
number from a friend B.Continuing to call a consumer despite having received a written communication
from the consumer refusing to pay the debt C.Communicating with the consumer rather than their
attorney when you know they are represented by an attorney
A
Which of the following parties is NOT considered a debt collector under the FDCPA? - correct answer
✔✔A.A retailer collecting its own debt B.Debt buyers C.Third-party collectors, including debt collection
agencies and companies
A
When contacting a third party, a debt collector CANNOT divulge the name of the collection firm or the
fact that the consumer owes a debt unless - correct answer ✔✔A.it has its company's permission to
provide this information. B.extenuating circumstances require it. C.specifically asked by the third party.
C
Which two of the following actions are NOT permitted of a debt collector under the FDCPA? (A) Not
disclosing an official business location (B) Threats of violence (C) Misrepresenting the consequences of
payment default - correct answer ✔✔A.(A) and (B) B.(B) and (C) C.(A) and (C)
B
When must a validation notice be provided to a consumer from whom you're collecting a debt? - correct
answer ✔✔A.Within five calendar days of the first missed payment due B.With the complaint served on
the consumer when initiating a legal action to collect the debt C.With my initial communication with the
consumer or within five calendar days of that initial communication
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