| #1
04-04-2011, 06:22 PM
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 Debt Validation
Please let me know if I am understanding debt validation correctly. The CA is not required to validate the debt but they must stop all collection activities including reporting and verifying on my credit report once a debt validation letter has been received until such time that they validate the debt to me?
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| #2
04-06-2011, 09:05 PM
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Yes, that is federal law, as set forth in FDCPA 809(b). However, there is one exception, if you happen to live in Texas. Texas has enacted their own state version of the federal FDCPA, and it requires response to a DV letter within 30-days. DV is primarily a debt collection practices statute, and not a process for substantive dispute of facts. If the debt is felt to be inaccurate, then resolution is by way of dispute under the FCRA. |
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