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15-12-2020
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Which of the following is a provision of the CARD Act? Group of answer choices Lenders cannot bribe an appraiser to misstate a home's value. Manufacturers must report all potentially hazardous product defects within 24 hours of discovery. Credit card bills must be mailed at least 21 days ahead of their due dates. All of these are correct.

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15-12-2020

Answer:

Credit card bills must be mailed at least 21 days ahead of their due dates.

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

CARD is an acronym for Card Accountability Responsibility and Disclosure and it is an act (federal statute) signed by President Barack Obama on the 22nd of May, 2009 after it was passed by the Congress of the United States of America.

A provision of the CARD Act is that, Credit card bills must be mailed at least 21 days ahead of their due dates so as to avail the card holders (users) an ample amount time to pay from the time it was mailed.

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