PCS State & Federal Collection Laws 2

Question 1

Under the FDCPA, which of the following communications is exempt from the law's restrictions?

Accepted Answer

A communication from a creditor collecting its own debt

Answer

The FDCPA applies only to third-party debt collectors, not to original creditors collecting their own debts.

Question 2

Which federal agency has primary enforcement authority over the FDCPA for most debt collectors?

Accepted Answer

Consumer Financial Protection Bureau (CFPB)

Answer

The CFPB became the primary FDCPA enforcement authority after the Dodd-Frank Act transferred rulemaking and enforcement powers from the FTC.

Question 3

A state debt collection law provides more protections to consumers than the FDCPA. Which law applies?

Accepted Answer

Both laws apply, and the stricter state law must be followed

Answer

The FDCPA sets a floor of consumer protections; states may enact stricter rules, and collectors must comply with both.

Question 4

Under Regulation F (FDCPA rules), what is the maximum number of telephone calls a debt collector may make to a consumer in a seven-day period about a specific debt?

Accepted Answer

5

Answer

Regulation F creates a presumption of harassment if a collector calls more than seven times in seven days or within seven days after speaking with the consumer.

Question 5

Which type of debt is NOT covered by the FDCPA?

Accepted Answer

A business loan taken out by a sole proprietor for commercial purposes

Answer

The FDCPA covers consumer debts — debts for personal, family, or household purposes — but not business or commercial debts.

(PCS) Professional Collection Specialist Practice Test

(PCS) Professional Collection Specialist Practice Test

PCS State & Federal Collection Laws 2