9 2 work file 1 rs

Topics: Fair Credit Reporting Act, Consumer protection, Credit Pages: 3 (575 words) Published: December 4, 2014
Name: Regina Simon
Date: 12/4/2014
School: Marengo high School
Facilitator: Mrs. Williams

9.2 Consumers Turn Right-Work File

Consumer Protection Acts Site 1

Match each Act with the proper explanation of the legislation. Place the correct letter in the blank next to the numbered definition.

A. Truth in Leasing Act
B. Magnuson-Moss Warranty Act
C. Fair Credit Billing Act
D. Truth in Lending Act
E. Fair Credit Reporting Act

D 1. Covers personal property leased by an individual for a period of more than 4 months for personal, family or household use.

A 2. Protects consumers in credit transactions by requiring clear disclosure of key terms and actual costs for the consumer in a lending arrangement.

B 3. Protects the buyer of any product that costs more than $25.00 and comes with an expressed warranty.

C 4. Protects the privacy and accuracy of information in a credit check.

E 5. Allows for corrections of mistakes that appear on consumer credit accounts.

Lemon Law Site 2

1. Explain who the Lemon Law protects.
Its protects car purchasers.

2. The Lemon Law covers the purchase of new cars or old trucks.

3. The Lemon Law says that the       is responsible for taking care of the defects.

4. Below are some specific guidelines/discussions that relate to the Lemon Law. Answer these questions after you have thoroughly read the course information about the Lemon Law. A. If a car cannot be repaired during the warranty period, is the defective car considered a lemon?      

B. How many chances does a manufacturer have to repair brake or steering problems?      

C. For a car/truck to be considered a ‘lemon,’ how many days must a car be in the shop (within the warranty period) for repairs?       days

5. Using the specifications of the Lemon Law and the course resources write a letter of complaint for a car you want to return via the Lemon Law. Fill in the blanks (red...
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