Title: Demonstrate how to create a payment plan.
Course: Medical Coding and Billing I (14151-III) > Section: Understanding Medical Practice Accounting

Demonstration should include the following:

- Amount of the debt
- Amount of the down payment
- Estimated date of the final payment
- Amount of each installment
- Payment due dates
- Adherence to Truth-in-Lending Act, if applicable
- Adherence to Regulation Z of Truth- in-Lending Act
- Statute of limitations

Process/Skill Questions

- What is Regulation Z?
- What are the guidelines in Virginia for payment plans?
- What is the statute of limitations for payments in most states?