1)Which of the following is considered a nondischargeable bankruptcy debt? 2) In
ID: 447254 • Letter: 1
Question
1)Which of the following is considered a nondischargeable bankruptcy debt?
2)
Investigative consumer reports detailing a consumer's character, general reputation, and mode of living are:
expressly prohibited under the FCRA because it violates the right to privacy of the consumer.
3)
The Fair Credit Reporting Act regulates credit reports on both consumers and businesses.
true or false
4)
Which of the following is considered a nondischargeable bankruptcy debt?
5)
The Consumer Product Safety Commission may do all of the following EXCEPT:
A. Credit card debts B. Negligence claims C. Medical expenses D. Personal loans E. Intentional tortsExplanation / Answer
1.
The correct option is (a).
Non-dischargeable bankruptcy debt is a debt, which cannot be eliminated through bankruptcy proceeding. Credit card debts are an example for that.
2.
The correct option is (b)
It should be clearly and accurately made known to the consumer that the investigative consumer report including information relating to his character, general reputation, personal characteristics and mode of living is made in a writing an is mailed to the consumer, not later than three days after the date on which the report was first requested.
3.
The given statement is false. FRCA exclusively regulates the collection and use of consumer credit information.
4.
The correct option is (a).
Non-dischargeable bankruptcy debt is a debt, which cannot be eliminated through bankruptcy proceeding. Credit card debts are an example for that.
5.
The correct option is (c)
The Consumer Safety Act primarily concerned with safety of goods. The government is able to ban dangerous goods with this Act. The law relate to safety of the consumer. It primarily relies on voluntary standards although it can create mandatory standards through rule making. Product recalls are generally for products manufactured in foreign countries than those manufactured in the U.S.
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