Truth in Lending Act

Question 1

What are the 3 names given for the Truth in Lending Act

Answer 1

Truth is lending Act is known as Regulation Z,Title ! and the Truth in Lending.

Question 2

What do the Truth in Lending do?

Answer 2

deals with the disclosure before you get credit, APR and any written disclosures

Question 3

Fair Credit Billing Act

Answer 3

means inaccurate or unfair practices

Question 4

Fair Credit Billing Act is an amendment to the Truth in Lending Act, Fair Credit Billing Act of 1975 which is given to consumers before or after?

Answer 4

before

Question 5

If a patient has an error to report to the hospital they must report it in how many days?

Answer 5

60

Question 6

The Hospital is given how man days to respond to a complaint?

Answer 6

within 30 days

Question 7

If a correction is needed it must be explained to the customer within?

Answer 7

two billing cycles or a maximum of 90 days

Question 8

If a patients rights are violated and the time frame of the hospital is not met the hospital can forfeit the collection process is this true or false?

Answer 8

True

Question 9

What is the Title VI of the Consumer Credit Protection Act? And what is it purpose

Answer 9

The Fair Credit Reporting Act. the purpose is to define what information from consumer reports can be used, by whom, and when the act provides the maximum protection of a consumer’s right to privacy and confidentiality of credit reports.

Question 10

Define CRA’s

Answer 10

Credit Reporting Agency

Question 11

Define the purpose of CRA’s

Answer 11

to supply information to businesses regarding debtors they are used to determine eligibility of an applicant for credit card issuance or employment,or court orders, and any legitimate need in connection with a business transaction.

Question 12

Who is Title VIII?

Answer 12

Fair Debt Collection Practices Act (FDCPA)

Question 13

Define FDCPA

Answer 13

Fair Debt Collection Practices Act

Question 14

Goals of FDCPA

Answer 14

to keep collections from using harrasment or abuse, deceptive and unfair collection practices there are strict limitations on
Acquisitions of information regarding location of the debtor.
Communication with the debtor or others in collection of a debt.

Question 15

What does the FDCPA prohibits?

Answer 15

Use of Harassment or abuse in the collection process. Use of false or misleading information in the collection process.
It keeps the collector from communicating with the consumer.
They can not call before 8am or after 9pm. in the consumer time zone.

If the collector knows legal counsel represents the debtor, unless attorney consents to communication with debtor.
or calling a consumer at his place of employment when consumer employment prohibits the consumer from receiving communication.

Question 16

What is Title VI?

Answer 16

The Fair Credit Billing Act

Question 17

What does HEAT?

Answer 17

Health Care Fraud Prevention and Enforcement Action Team

Question 18

HEAT is to prevent fraud,waste and abuse in both the Medicare and Medicaid programs., True or False

Answer 18

True

Question 19

What are some of the functions of HEAT?

Answer 19

Monitors fraud perpetrators who abuse the system
Improving the quality of care
Reducing the cost of health care
Sharing Information and highlighting best practices used in health care.
Maintaining a website on how to stop Medicare fraud

Question 20

Define PPACA

Answer 20

It is the Patient Protection and Affordable Care Act or ACA, and commonly called Obamacare or the Federal Health Care Law

Question 21

PPACA is aimed at primarily decreasing the number of uninsured Amercians and reducing overall costs of healthcare? True or False

Answer 21

True

Question 22

Does the insurance companies cover all applicants regardless of preexisting conditions and gender? True or False

Answer 22

True

Question 23

Implementation of Tax Exempt Hospitals has three sections which was proposed by the IRS what are they?

Answer 23

Financial Assistance
Charging Limitations
and Collections Actions.

Question 24

TJC defintion

Answer 24

The Joint Commission which was formerly JCHAO which is an organization who audits the hospitals on compliance issues.