Answer to Question 1
The major provisions of the Credit CARD Act are:
Due dates:
- Must be disclosed
- Must be set for the same time each month and occur at the end of a business day
- Bill must be mailed at least 21 days ahead of time
Increases in rates and fees:
- Are not allowed on any charges already incurred (until a cardholder has missed two consecutive payments)
- Are only permitted for future purchases if credit card company provides 45 days' notice to the consumer and permits cancellation of the card
Late payment fees are limited to 25 for first event and 35 thereafter.
Payment must be applied to whichever debt on the card has the highest interest rate (say, a cash advance rather than a new purchase).
Consumers have the right to set a fixed credit limit. Consumers cannot be charged a fee if the company accepts charges above that limit unless the consumer has agreed to the fee. Only one overlimit fee per statement is permitted.
People under 21 cannot obtain a credit card unless they have income or a co-signer
Answer to Question 2
TRUE
Major veins of the systemic circulation.
A medical assistant listening to the patient and physician discuss the patient's care.
Major causes of biodiversity loss
Question 37 Part 2
Economic practice question
X-linked recessive inheritance of red-green color blindness in a family