Debt Validation
/ˈdɛt ˌvælɪˈdeɪʃən/
Definitions
- (n.) The process by which a debtor requests verification of a claimed debt from a creditor to confirm its validity and accuracy.
The consumer sent a debt validation letter to dispute the amount owed.
Forms
- debt validation
Related terms
See also
Commentary
Debt validation primarily arises in consumer credit contexts governed by the FDCPA, requiring collectors to provide evidence of a debt upon consumer request.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.