Dr. Giles and his practice manager are considering charging interest on unpaid balances. Which law says the doctor must first tell the patients of this change in policy?

A. Fair Debt Collection Practices Act
B. Regulation Z of the Consumer Protection Act
C. Health Insurance Portability and Accountability Act
D. Health Collection Act
E. Statute of Frauds

B. Regulation Z of the Consumer Protection Act

It is legal under Regulation Z of the Consumer Protection Act to charge interest. However, the patient must be notified in advance of the interest charges.