GLOSSARY · DEBT & HOUSING
Debt validation notice
The notice a third-party debt collector must send that names the creditor, states the amount owed and explains how to dispute the debt. If you dispute in writing within the validation period, roughly 30 days after you receive it, the collector must pause collection until it sends verification.
Also called: validation notice, debt verification, debt validation letter
LEARN IT PROPERLY
CHAPTER · UNDERSTANDING YOUR DEBT · FOUNDATIONSNegotiating with Lenders and Debt CollectorsRELATED TERMS
SOURCES
- Regulation F (Debt Collection Practices), 12 CFR 1006.34, Notice for validation of debts. Consumer Financial Protection Bureau.