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Fair Credit Billing Act

Term · Law · MLC-T-LAW-002034

A federal law that establishes procedures for resolving billing disputes on open-end credit accounts, such as credit cards and home equity lines of credit. The Fair Credit Billing Act (FCBA) outlines a consumer's rights and a creditor's responsibilities when a billing error is reported, covering issues like unauthorized charges, incorrect charge amounts, and undelivered goods. Under the act, consumers must notify the creditor in writing of an error within 60 days of the statement date, and the creditor must acknowledge the complaint within 30 days.

Table 1. Record
IdentifierMLC-T-LAW-002034
FieldLaw
AbbreviationFCBA
Record as JSON 
{
  "id": "MLC-T-LAW-002034",
  "term": "Fair Credit Billing Act",
  "field": "Law",
  "definition": "A federal law that establishes procedures for resolving billing disputes on open-end credit accounts, such as credit cards and home equity lines of credit. The Fair Credit Billing Act (FCBA) outlines a consumer's rights and a creditor's responsibilities when a billing error is reported, covering issues like unauthorized charges, incorrect charge amounts, and undelivered goods. Under the act, consumers must notify the creditor in writing of an error within 60 days of the statement date, and the creditor must acknowledge the complaint within 30 days.",
  "abbreviation": "FCBA",
  "url": "https://mlchart.com/terminology/law/fair-credit-billing-act/"
}

Record 1,932 of 5,439 in Law terminology (MLC-0107). Request the full dataset.