Additional Clauses for Foreclosure Documents
Fair Debt Collection Act Notice
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If this notice is sent in a letter as suggested in section 14.4:5 in this chapter, a sentence describing the debt should be included following the internal address. |
1
In accordance with federal and Texas laws regarding fair debt collections, unless you, within thirty days after receipt of this notice, dispute the validity of the debt set forth above, or any portion thereof, the indebtedness will be assumed to be valid. If you notify the undersigned in writing within the thirty-day period that the indebtedness, or any portion thereof, is disputed, I will obtain a verification of the indebtedness and will mail that verification to you. On my receipt of your written request within the thirty-day period, I will forward to you the name and address of the original creditor, if different from the current creditor.
I am attempting to collect this indebtedness, and any information obtained will be used for that purpose. This letter is being sent to your attention in accordance with federal law.
Fair Credit Reporting Act Notices
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We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
3
We have told a credit bureau about a late payment, missed payment, or other default on your account. This information may be reflected in your credit report.