All terms

Itemization date

Itemization date — The itemization date is the single reference date a debt collector selects — last statement, charge-off, last payment, transaction, or judgment — from which the validation notice must itemize interest, fees, payments, and credits.

Section 1006.34(b)(3) permits exactly five dates and conditions the choice on one thing: the collector must be able to ascertain the amount of the debt as of the date it picks. Section 1006.34(c)(2)(viii) then requires "an itemization of the current amount of the debt reflecting interest, fees, payments, and credits since the itemization date." Charge-off date is the common default in purchased-debt portfolios because it is the field sellers most reliably populate; last statement date is more defensible where the creditor still holds the account media.

See also

• Validation noticeA validation notice is the disclosure a debt collector must deliver in, or within five days of, its initial communication with a consumer, stating the amount of the debt, the creditor to whom it is owed, an itemization measured from a chosen reference date, and the consumer's rights to dispute the debt and to request the original creditor's name and address.
• Validation periodThe validation period is the window that opens on the date a debt collector provides the required validation information and closes 30 days after the consumer receives or is assumed to receive it.
• Account mediaAccount media is the underlying account-level documentation for a debt — the signed agreement, periodic statements, transaction history, and payment records — as distinct from the summary data fields that travel in a placement or sale file.

Where this appears

• Exchange — the placement file gateway
• What Is Regulation F (12 CFR Part 1006), and What Did It Add to the FDCPA?
• Regulation F Validation Notice (12 CFR 1006.34): Content, Itemization Date, Presumed Receipt

This is an informational reference, not legal advice, and using it creates no attorney-client relationship. Limitations periods turn on facts this page cannot know — which state's law governs, the contract type, when the claim accrued, and whether anything tolled or revived it. Confirm against the primary source and your own counsel before acting.