CFPB Releases Spanish Model Validation Notice

Published on:
25 October 2021 at 11:00 a.m. ET

Written by: Missy Meggison – General Counsel & Editor – insideARM

http://www.insidearm.com/news/00047780-cfpb-releases-spanish-model-validation-no/

On October 18, 2021, the CFPB released a Spanish translation of the Model Validation Notice found in Regulation F (“Reg F”). Per the CFPB, this translation is a “complete and accurate Spanish translation of the Model Validation Notice found in Appendix B of Reg F.

A debt collector who uses this notice, and has also provided the consumer with the model English-language version, will be covered by the safe harbor protections afforded by Reg F (See Comment 1006.34(e) – 1). The translated version includes the same optional disclosures seen in the English language version, except for the Spanish-language disclosure, which appears on the English-language version and advises the consumer of their right to receive a Spanish translated version.

The translated version of the model validation notice can be found here.

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