This letter serves as a demand to cease and desist collection activities due to an unvalidated debt. It references the Fair Debt Collection Practices Act and demands that within 30 days, the lender must provide validation and evidence to substantiate the claim of debt. If validation is not provided, the lender is prohibited from further collection activities including foreclosure and...
Read more ↓This letter serves as a demand to cease and desist collection activities due to an unvalidated debt. It references the Fair Debt Collection Practices Act and demands that within 30 days, the lender must provide validation and evidence to substantiate the claim of debt. If validation is not provided, the lender is prohibited from further collection activities including foreclosure and reporting to credit agencies. The letter also disputes the purported delinquency or default and questions the lender's authority due to securitization of the loan.
Read less ↑Tags: cease and desist, cease and desist letter, credit agency reporting, debt collection letter, debt dispute, debt validation, debt validation demand, Fair Debt Collection Practices Act, foreclosure prevention, loan securitization
Category: Papers