CFPB Releases Spanish Model Validation Notice

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.