Legal Issues For Debt Elimination
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Legal issues for debt elimination include the notification of fictitious instruments of payments being given to financial institutions, mortgage companies, creditors and retail establishments. These payments in question suggest that the US Dept. of Treasury, the Controller of Currency, The Federal Reserve System or any other federal or state agencies will be paying the bill in order to charge off a legitimate debt. These are serious debt elimination scams and many people are paying fees to companies that provide these illegal documents. These instruments are commonly referred to as "bond for discharge of debt, bill of exchange, due bill, and redemption certificate".
If a financial institution or retail establishment has received one of these fictitious instruments, they are required to keep it, and file a SAR or Suspicious Activity Report, which is then to be turned in to the FBI or Federal Bureau of Investigation. These so called bonds implement legal issues for debt elimination companies that are working and producing illegal documents. They are being offered from organizations in debt elimination schemes said to be credit forgiveness documents provided for by the United States Treasury. They appear authentic at face value but are indeed worthless.
The OCC or Office of the Controller of Currency has a listing of known fraudulent companies and websites. It is advised to research the OCC to see if the legal issues for debt elimination a consumer has been offered are legitimate. These scams may be in Violation of Title 18 Section 514 Fictitious Obligations or of other Federal Statutes. Any person attempting to use these illegitimate documents to eliminate a valid debt may be subject to criminal prosecution. In addition, many fraudulent companies are claiming that a mortgage lender can be taken to court and the mortgage declared void because the lender used borrowed money to fund the loan.
A consumer must be aware of certain laws and practices when repaying mortgage obligations. If a homeowner wants to have their mortgage loan declared void, they will have to prove legal issues for debt elimination by way of the lender breaking usury laws (charging over the maximum interest allowed), gross violation of lending law, fraud or in competency. Otherwise, the loan will have to be paid back in the same way everyone else has to pay their debts. Christians are responsible for what they do and what comes out of their mouths. Any promissory note signed is a promise to pay, and that is exactly how debt will be eliminated; by paying it off. "Of his own will begat he us with the word of truth, that we should be a kind of firstfruits of his creatures" (James 1:18).
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