Notice for validation of debts.

CFR · 2024-01-01 · US · Title 12

(a) (i) By sending the consumer a validation notice in the manner required by § 1006.42: (A) In the initial communication, as defined in paragraph (b)(2) of this section; or (B) Within five days of that initial communication; or (ii) By providing the validation information orally in the initial communication. (2) (b) (1) (2) (i) The Internal Revenue Code of 1986 (26 U.S.C. 1 (ii) Title V of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 through 6827); or (iii) Any provision of Federal or State law or regulation mandating notice of a data security breach or privacy risk. (3) (i) The last statement date, which is the date of the last periodic statement or written account statement or invoice provided to the consumer by a creditor; (ii) The charge-off date, which is the date the debt was charged off; (iii) The last payment date, which is the date the last payment was applied to the debt; (iv) The transaction date, which is the date of the transaction that gave rise to the debt; or (v) The judgment date, which is the date of a final court judgment that determines the amount of the debt owed by the consumer. (4) (5) (c) (1) (2) (i) The debt collector's name and the mailing address at which the debt collector accepts disputes and requests for original-creditor information. (ii) The consumer's name and mailing address. (iii) If the debt collector is collecting a debt related to a consumer financial product or service as defined in § 1006.2(f), the name of the creditor to whom the debt w

official document · source cfr-2024 · id 12:§ 1006.34