Recent content by Scooter

I don't think it matters. Chex Systems is a like a credit report for banking and will disclose the mutliple accounts, but I doubt a New Accounts Person would care.

You may want to describe what the Angel Program is--I've never heard of it.

Maybe If this is a Chapter 7, the Trustee owns your home legally, so you can't sell it unless he has abandoned that asset. If there is a no asset report, estate closure order, or a specific abandonment by the trustee, you are OK.

Restrictive Endorsement In most states, a restrictive endorsement will bind you. A restrictive endorsement might say, "Payment in Full" or something like that. The applicable Uniform Commercial Code Section is 3-311. If cashed with knowledge of the endorsement and the debt is subject to a...

The returned check is what we banking lawyers call a "charge back". Under the Uniform Commerical Code, in endorsing the check, you represented and warranted to everyone, including your depository bank, that the check was valid. Unbeknowist to you and the bank, this was not the case. Therefore...

It depends on the payor (drawee) bank. Most banks will not accept a check that has been dishonored more than twice. There is no set rule or statute or regulation.

Under the law, you have have 30 days to report a forgery after receipt of your statement, during which the Bank is 100% liable. You have 1 year in California to file suit from the date of the forgery, but the Bank may claim that you were contributory negligent in failing to report the forgery...

No lawyer here would know your answer, as usury is state specific. I would hate to have you get sued. See a local lawyer.

The lienholder has the right to gripe, but probably not against you. You didn't send him the check. He needs to contact the buyer, or whoever sent him the check. A counterfeit check is equivalent to a forged makers signature. I would have a different opinion if, as part of the sales...

Well, I'd pay them back what you can, and make a payment plan for the rest. You can't expect them to take the loss and walk away. I don't entirely understand the reasons for the business failure over 60 days, but the bottom line is that you owe the money and ultimately they will collect it.

While I am a Financial Institutions lawyer, I only know that the Fed prohibits anyone working for a bank from being a convicted felon, 10 years or not. I do not know about whether it applies to non-employess (e.g., vendors) with access to the facilities. This may be a judgment call by the...

The SBA can be patient, but you will either pay them or they will foreclose on the mortgage. I don't get how you only used $38,000 of the loan funds, have sold the $30,000 in equipment, and still owe the SBA. Did you sell the equipment and pocket the dough? If so, thats not very nice, and I...

Yes, and its easy to get it.

Sam Goldwyn has the best quote on this-- An oral contract isn't worth the paper its written on.

I wouldn't buy or sell anything to or from Nigeria. That place is a fraud magnet.