FDCPA Required Disclosures and Mini-Miranda Warning 2

Question 1

Which statement correctly describes when the mini-Miranda disclosure is required in written communications under the FDCPA?

Accepted Answer

In every written communication sent to the consumer

Answer

Only in the initial written communication to the consumer

Answer

Only when the consumer has previously disputed the debt in writing

Answer

Only when the debt exceeds $500 in principal

Question 2

If a debt collector includes the validation notice in the initial written communication itself, what additional action is required?

Accepted Answer

No separate follow-up notice is required since it was included in the initial communication

Answer

The collector must also send the notice by certified mail

Answer

The collector must resend the notice after 15 days have passed

Answer

The collector must send the notice to any co-signer on the account

Question 3

If a consumer requests the name and address of the original creditor within the 30-day dispute period, what must the debt collector provide?

Accepted Answer

The name and address of the original creditor, if different from the current creditor

Answer

Only the current creditor's contact information and account number

Answer

A complete payment history showing all transactions since origination

Answer

A notarized statement from the original creditor confirming the debt

Question 4

Which best describes what the FDCPA validation notice must state regarding the assumption of debt validity?

Accepted Answer

That if not disputed within 30 days, the debt collector will assume the debt is valid

Answer

That the consumer can dispute only if they have documentary evidence supporting the dispute

Answer

That the consumer must contact an attorney before initiating any dispute

Answer

That disputes must be sent via certified mail to be legally recognized

Question 5

After a consumer provides a written dispute and the collector obtains verification of the debt, what must the collector send to the consumer before resuming collection?

Accepted Answer

A copy of verification of the debt or a copy of any relevant judgment

Answer

An itemized statement of all fees, interest, and principal owed

Answer

A letter from the original creditor authorizing continued collection

Answer

Only an updated balance amount reflecting any new interest

Question 6

What happens to all collection activities after a consumer sends a timely written dispute within the 30-day period?

Accepted Answer

They must completely cease until verification is obtained and mailed to the consumer

Answer

They continue at a reduced frequency pending supervisor review

Answer

Only telephone calls must stop, but written communications may continue

Answer

They pause for 5 business days while the account is reviewed

Question 7

Which of the following is NOT required to be included in the FDCPA written validation notice?

Accepted Answer

The consumer's current credit score

Answer

The amount of the debt being collected

Answer

The name of the creditor to whom the debt is owed

Answer

A statement of the consumer's right to dispute the debt