questions about consumer laws and “acts”?
Posted in Law & Ethics on 09/19/2010 11:01 pm by
Under the Fair Credit Reporting Act, credit bureaus are required to report information accurately and to remove or correct information that is outdated or inaccurate.
yes or no?
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In compliance with this Act, race, age or sex should not be a factor in granting equal opportunity whether it is in housing, credit opportunities, or employment
Equal Opportunity Act ?
Truth in Leasing Act ?
Magnuson-Moss Warranty Act ?
Fair Credit Billing Act ?
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This federal law governs consumer product warranties and requires that manufacturers and sellers of consumer products provide consumers with detailed information about warranty coverage.
Truth in Lending Act
Fair Credit Billing Act
Magnuson-Moss Warranty Act
Truth is Warranty Act
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This Act requires institutions disclose what credit will actually cost the consumer
Truth in Lending Act
Fair Credit Reporting Act
Fair Credit Billing Act
Truth in Leasing Act
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n Florida, a Lemon Law booklet must be given to the purchaser of all new automobiles
yes or no?
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This Act protects the privacy and accuracy of information in a credit check
Equal Opportunity Act
Truth in Leasing Act
Truth in Lending Act
Fair Credit Reporting Act
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The Lemon Law is used to protect first time home buyers
yes or no?
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Under this Act, you have the right to see the credit history maintained by a credit bureau about you (i.e. seeing your credit report), and under certain conditions they must provide you with a copy of your report free of charge.
Fair Credit Reporting Act
Truth in Leasing Act
Magnuson-Moss Warranty Act
Fair Maintenance of Credit Act
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Magnuson-Moss Warranty Act, the Fair Credit Reporting Act, The Truth in Lending Act and the Truth in Leasing Act were all created with the consumer in mind.
yes or no?
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The Lemon Law applies to the purchase of all automobiles.
yes or no?
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Purchases based on needs and/or wants represent:
When a consumer makes purchases based on their needs or wants they are
being safe
staying informed
exercising choice
being heard
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The right to____________ means the consumer will be protected from false and misleading advertising
safety
be informed
choice
be heard
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What options are there for a consumer who is still not satisfied after speaking with a store manager
no options, that is the last resort
call the Better Business Bureau
take the business to small claims court
b and c
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When consumers exercise their right to know the risks associated with a product’s use before they purchase it, they are:
showing concern for safety
uninformed
exercising choice
being heard
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The right to be heard insures consumers can communicate dissatisfactions
yes or no?
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Corey