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Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of F
Fair Credit Billing Act of 1974
Specifies how creditors must respond to billing error complaints from consumers, imposes requirements to ensure that creditors handle accounts fairly and promptly, and allows you to withhold payments on defective goods. Applies primarily to credit and charge card accounts (for example, store card and bank card accounts). Amended the Truth in Lending Act.
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