The Truth-In-Lending Simplification Act

The Truth-in-Lending Simplification Act:

A) permits debt collectors to contact third parties but the debt collector may not state that the consumer owes a debt.
B) redefines the necessary items to be included in a finance statement.
C) requires the First Bank of the United States to issue model disclosure forms.
D) requires the imposition of fines for technical breaches of the Act.
E) eliminates statutory penalties for purely technical violations of the Act.

Correct Answer:

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