Quiz Time Again! Consumer Rights


Okay folks…..here is another pop quiz for you.  This time the topic is consumer law which is a really wide umbrella but the questions will cover a few of the more common issues.  Hopefully you will score better on this one.  Once again the goal is for you to learn some valuable information and have a little fun in the process.   Good luck.

1.  True or False:  The Fair Debt Collection Practices Act prevents a creditor from constantly contacting you at work about a debt you owe to the creditor.

2.  The Fair Debt Collection Practices Act allows a debtor to recover statutory damages in the amount of __________ in the event of a violation by a debt collector:

  • a.   $500.00   
  • b.  Minimum of $1,000.00  
  • c.  $1,000.00  
  • d.  Maximum of $1,000.00   
  • e.  Minimum of $1,000.00 to maximum of $4,000.00

3.  True or false:  If you are sued on a debt the party collecting the debt CANNOT obtain a judgment against you if you fail to appear in court.   Pop quiz...again

4.  True or false:  If a vehicle dealer wishes to be able to repossess a vehicle it sells to a consumer, the dealer must have the buyer sign documentation giving the dealer the right to repossess the vehicle.

5.  You take your vehicle to a repair shop and the mechanic tells you it will cost $550.00 to fix your vehicle.  According to the North Carolina Motor Vehicle Repair Act you are entitled to:

  • a.  a written repair estimate   
  • b.  a copy of all receipts for parts obtained by the shop to repair your vehicle
  • c.  receive all parts removed from the vehicle   
  • d.  a and b  
  • e.  a and c

6.  The North Carolina Debt Collection Act applies to consumers whose rights are violated by which of the following: 

  • a.  A bank collecting on a debt owed by the customer to the bank
  • b.  A debt collection company collecting on a debt owed by the consumer to a bank
  • c.  A vehicle repair shop collecting on a balance due for repairs performed to a consumer’s vehicle
  • d.  All of the above
  • e.  None of the above

7.  Under the Truth in Lending Act which term is not required to be stated in writing at the time of the transaction:

  • a.  interest/finance rate  
  • b.  amount financed  
  • c.  any right of repossession retained by seller 
  • d.  schedule of payments
  • e.  total amount of payments 

8.   The Web address for the website at which you can obtain a free copy of your credit report from each of the three major credit reporting agencies is: 

9.  For civil judgments granted in North Carolina state courts the judgment creditor (person or entity collecting on the judgment) can do which of the following in an effort to collect money:

  • a.  garnish wages  
  • b.  seek seizure and sale of real estate owned by debtor 
  • c.  have debtor placed in jail until a payment is made 
  • d.  all of the above  
  • e.  none of the above

Click here for quiz answers and click here to learn more about your rights and relevant laws when dealing with debt collectors.

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2 Comments

  1. Andrea Morelos

    What a great, helpful topic, very timely given the state for most folks. And a clever way to get the information across. I felt like I was in school for real! I’m actually quite familiar with FDCPA from my “fun times” at prepaid legal services and of course judgment stuff in general, so I was quite pleased to get a passing grade! I will bashfully admit that I got caught on #1 because I was concentrated on the calling the work part, not the creditor vs collector distinction! =)

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