Re: Validate Questions

Posted by cddfisher (152.163.252.134) on October 21, 2003 at 20:36:28:

In Reply to: Validate Questions posted by Jenn on October 21, 2003 at 16:17:34:

The initial response is incorrect. The letter you received is required to be given by all financial companies to their customers on an annual basis. It is pursuant to a privacy act known in short form as Gramm Leach Bliley. It has nothing to do with a response to your letter requesting validation. As to that, you indicate you sent a validation demand to Primus. That is a subsidiary of Ford. It is the principal creditor. Principal creditors are not subject to the Fair Debt Collection Practices Act under which the validation requirement arises. They need not validate. You have the right to demand validation from the collector which in this case is Nationwide. You must demand it within 30 days of your receipt of their initial demand which should have contained a validation disclosure. Since instead you sent them a cease and desist, you are likely outside the 30 days and they will stop future demands. If they retain a lawyer, you will simply now get sued. If not they will close the account.

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