§ 704. Permissible procedures by creditor. Notwithstanding the receipt
by a creditor of a notice from a consumer as described in section seven
hundred three of this act, a creditor may, subject to the provisions of
section seven hundred seven of this act, transmit statements of account
to the consumer which include an amount believed by the consumer to be a
billing error, and the creditor, further, may undertake collection
procedures not attributable to such consumer's failure to pay, nor
directed at, such disputed amount.