I am looking for an interpretation or clarification on the 'paid the debt' statement in this section of the reg. Does that imply entire debt owed at the time, or would a partial payment qualify as 'paid the debt'? I am inclined to assume the first.
(2) Exception. A debt collector who otherwise would be required to send a validation notice pursuant to paragraph (a)(1)(i)(B) of this section is not required to do so if the consumer has paid the debt prior to the time that paragraph (a)(1)(i)(B) of this section would require the validation notice to be sent.
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