Question

In order to recover damages under the Fair Credit Billing Act, the debtor must: a. make a written objection. b. file a complaint with the Federal Reserve Board. c. notify the creditor of the error within 30 days of receiving the bill. d. all of the above

Answer 1

A

Step-by-step explanation:

A debtor can recover damages by sending a written notice of the dispute to the creditor. The debtor should send a written objection through a mail.

After receiving notice of a dispute, the credit issuer must acknowledge the dispute within thirty days, investigate the claim and, within ninety days period the creditor must either make the necessary corrections to the account or send a letter to the consumer explaining why the creditor believes there was no error. If the creditor responds that they agree that there was no error, the consumer can then request copies for documentation to support the validity of the disputed items.