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Real Estate Glossary

What is Fair Credit Billing Act?

The Fair Credit Billing Act is a federal law in the United States that helps protect consumers by providing them with a way to resolve errors on their credit card bills. The law gives consumers the right to dispute billing errors, such as unauthorized charges, and to withhold payment on the disputed amount while the error is being investigated. It also regulates how credit card companies must handle disputes and how they must resolve them.