1. Which statute primarily governs collection practices in Michigan?
• A) Federal Trade Commission Act
• B) Michigan Collection Practices Act
• C) Uniform Commercial Code
• D) Michigan Consumer Protection Act
• ANSWER : B
2. Under the MCPA, what is the maximum penalty for each violation?
• A) $500
• B) $1,000
• C) $2,500
• D) $5,000
• ANSWER : D
3. The Michigan Collection Practices Act is found in which statute?
• A) MCL 339.901
• B) MCL 445.251
• C) MCL 600.2001
• D) MCL 750.505
• ANSWER : B
4. Which agency enforces the MCPA in Michigan?
, • A) Michigan Department of Treasury
• B) Michigan Attorney General
• C) Federal Trade Commission
• D) Michigan Department of Insurance and Financial Services
• ANSWER : D
5. How long must a collection agency maintain records under Michigan
law?
• A) 1 year
• B) 2 years
• C) 3 years
• D) 5 years
• ANSWER : C
6. What is the statute of limitations for most written contracts in Michigan?
• A) 3 years
• B) 6 years
• C) 10 years
• D) 15 years
• ANSWER : B
7. Under the MCPA, which communication is prohibited?
• A) Contacting the debtor at work
• B) Using obscene language
• C) Sending written notices
• D) Calling during business hours
• ANSWER : B
8. A collection agency license in Michigan must be renewed:
• A) Annually
• B) Every 2 years
• C) Every 3 years
, • D) Every 5 years
• ANSWER : A
9. What is the minimum bond requirement for a Michigan collection
agency?
• A) $5,000
• B) $10,000
• C) $25,000
• D) $50,000
• ANSWER : C
10. Which of the following is NOT required on a collection notice in
Michigan?
• A) Name of creditor
• B) Amount of debt
• C) Debtor's credit score
• D) Mini-Miranda statement
• ANSWER : C
Section 2: Fair Debt Collection Practices Act (FDCPA)
11. The FDCPA applies to which type of debt collectors?
• A) First-party creditors only
• B) Third-party debt collectors
• C) Government agencies
• D) All of the above
• ANSWER : B
12. Under the FDCPA, when can a debt collector contact a debtor?
• A) 6 AM to 9 PM local time
• B) 7 AM to 9 PM local time
• C) 8 AM to 9 PM local time
• D) Anytime
, • ANSWER : C
13. What must be included in the validation notice?
• A) Amount of debt
• B) Name of creditor
• C) Statement of debtor's rights
• D) All of the above
• ANSWER : D
14. How many days does a debtor have to dispute a debt after receiving
validation notice?
• A) 15 days
• B) 20 days
• C) 30 days
• D) 45 days
• ANSWER : C
15. Under the FDCPA, harassment includes:
• A) Repeated phone calls
• B) Profane language
• C) Threats of violence
• D) All of the above
• ANSWER : D
16. Which statement is a prohibited false representation?
• A) Claiming to be an attorney when not
• B) Threatening arrest without authority
• C) Misrepresenting debt amount
• D) All of the above
• ANSWER : D
17. The FDCPA was enacted in which year?
• A) 1968
• A) Federal Trade Commission Act
• B) Michigan Collection Practices Act
• C) Uniform Commercial Code
• D) Michigan Consumer Protection Act
• ANSWER : B
2. Under the MCPA, what is the maximum penalty for each violation?
• A) $500
• B) $1,000
• C) $2,500
• D) $5,000
• ANSWER : D
3. The Michigan Collection Practices Act is found in which statute?
• A) MCL 339.901
• B) MCL 445.251
• C) MCL 600.2001
• D) MCL 750.505
• ANSWER : B
4. Which agency enforces the MCPA in Michigan?
, • A) Michigan Department of Treasury
• B) Michigan Attorney General
• C) Federal Trade Commission
• D) Michigan Department of Insurance and Financial Services
• ANSWER : D
5. How long must a collection agency maintain records under Michigan
law?
• A) 1 year
• B) 2 years
• C) 3 years
• D) 5 years
• ANSWER : C
6. What is the statute of limitations for most written contracts in Michigan?
• A) 3 years
• B) 6 years
• C) 10 years
• D) 15 years
• ANSWER : B
7. Under the MCPA, which communication is prohibited?
• A) Contacting the debtor at work
• B) Using obscene language
• C) Sending written notices
• D) Calling during business hours
• ANSWER : B
8. A collection agency license in Michigan must be renewed:
• A) Annually
• B) Every 2 years
• C) Every 3 years
, • D) Every 5 years
• ANSWER : A
9. What is the minimum bond requirement for a Michigan collection
agency?
• A) $5,000
• B) $10,000
• C) $25,000
• D) $50,000
• ANSWER : C
10. Which of the following is NOT required on a collection notice in
Michigan?
• A) Name of creditor
• B) Amount of debt
• C) Debtor's credit score
• D) Mini-Miranda statement
• ANSWER : C
Section 2: Fair Debt Collection Practices Act (FDCPA)
11. The FDCPA applies to which type of debt collectors?
• A) First-party creditors only
• B) Third-party debt collectors
• C) Government agencies
• D) All of the above
• ANSWER : B
12. Under the FDCPA, when can a debt collector contact a debtor?
• A) 6 AM to 9 PM local time
• B) 7 AM to 9 PM local time
• C) 8 AM to 9 PM local time
• D) Anytime
, • ANSWER : C
13. What must be included in the validation notice?
• A) Amount of debt
• B) Name of creditor
• C) Statement of debtor's rights
• D) All of the above
• ANSWER : D
14. How many days does a debtor have to dispute a debt after receiving
validation notice?
• A) 15 days
• B) 20 days
• C) 30 days
• D) 45 days
• ANSWER : C
15. Under the FDCPA, harassment includes:
• A) Repeated phone calls
• B) Profane language
• C) Threats of violence
• D) All of the above
• ANSWER : D
16. Which statement is a prohibited false representation?
• A) Claiming to be an attorney when not
• B) Threatening arrest without authority
• C) Misrepresenting debt amount
• D) All of the above
• ANSWER : D
17. The FDCPA was enacted in which year?
• A) 1968
