The 2008 economic crisis was triggered in part by the real estate bubble bursting. Mortgages became extremely easy to obtain, and many of those mortgages had predatory provisions that made it difficult for borrowers to pay off the mortgages in the event that their real estate value decreased.
Title XV contains seven miscellaneous provisions. Title XV restricts the ability of the United States’ Executive Director at the International Monetary Fund to approve loans to foreign countries that are unlikely to be repaid in full. The Title also imposes additional disclosure requirements on:
Doing business as (DBA) is a term referred to as a business’s assumed, trade or fictitious name, indicating that the business is conducted and presented under a name other than the legal name of the legal person (or persons) who own it and are responsible for it. Not all businesses need DBA. It depends on a combination of the business's legal entity, the locale's requirements and the business owner's preference.
The Electronic Fund Transfer Act (EFTA), also known as Regulation E, created protections against unauthorized electronic fund transfers (EFTs) for consumers using certain electronic banking and financial services, such as debit card transactions, electronic withdrawals, transfers, and deposits through automated teller machines (ATMs), automated clearinghouse systems, and remote banking programs.
To endorse (or indorsement) is the writing of one’s name on part of an instrument as an authentication or transfer of an interest.
An endorsement (or indorsement) is the writing of one’s name on the back of an instrument as an authentication or transfer of an interest.
An express warranty is a warranty as to the condition, quality, or nature of a good or property intentionally and clearly stated to the other contracting party.
Extended warranty contracts are additional warranties bought for an item or service to add additional coverage for the purchased goods. The warranty usually extends the time of coverage, but an extended warranty may also be bought to expand coverage to other things not provided by the original warranty. Extended warranties can be bought for a variety of goods from vehicles to headphones, and they may be bought from the retailer or from third-party insurers.
The Fair Credit Billing Act (FCBA) establishes procedures for resolving billing disputes involving “open-end credit” accounts such as credit cards. It protects consumers from errors on billing statements, including incorrect charges or amounts, unauthorized transactions, and failure to post payments or credits.
Fair Credit Reporting Act (FCRA) is a fundamental piece of legislation from 1970 that regulates both consumer reporting agencies and credit reports.
