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Posted: Thu Feb 28, 2008 6:45 pm

well i finally found a form--typed five for the bank tommorrow....what and when do i deal with the payday loans

should i take a copy of the law for payday loans in nc

HELLOOOOOO anyone out there to help....i would like to know the next steps to handle lenders.....

Guest · Posted: Thu Feb 28, 2008 8:32 pm

why dont you just relax...very impatient arent you. canner and rox have been helping you.

Posted: Thu Feb 28, 2008 8:44 pm

its not that I am impatient..I am asking an aunt to drive down here to take me to the bank/post office to do the paperwork. I have to get it done at the bank tomorrow because the loans come out on the third. I also get direct deposit on the third (as earlier stated). I have resorted to finding what I can but since my aunt is driving a good distance to help me--i need all i can get correct so this gets done...sorry if it comes off impatient but.....

Posted: Thu Feb 28, 2008 8:48 pm

I did do the letters for the bank...also the attorney generals stuff has been started....no the lenders...all five of them....need help there.....oh how do i send proof of the loans or do i need to??

should i take a copy of the payday loan law to my bank?

Guest · Posted: Fri Feb 29, 2008 4:15 am

ok forms filled out for the state...bank letters to revoke ready...pdl's letters ready....info from this website ready for bank (since they don't understand what I want....made copies of a few bank statements showing transactions--so they know what to be stopping or blocking.....ANYTHING ELSE????? Please someone let me know as soon as possible will be heading to bank in a few hours.....thanks

Posted: Fri Feb 29, 2008 5:45 am

is anyone on that can give a quick answer....will be heading to bank---bank that don't know much....need a backbone/shoulder...

Guest · Posted: Fri Feb 29, 2008 5:48 am

Take this to your bank.You have the right to revoke ALL ach debits from your account.
Per the Electronic Funds Transfer Act:

Quote:
§ 205.10 Preauthorized transfers.

(a) Preauthorized transfers to consumer's account--(1) Notice by financial institution. When a person initiates preauthorized electronic fund transfers to a consumer's account at least once every 60 days, the account-holding financial institution shall provide notice to the consumer by:
(i) Positive notice. Providing oral or written notice of the transfer within two business days after the transfer occurs; or
(ii) Negative notice. Providing oral or written notice, within two business days after the date on which the transfer was scheduled to occur, that the transfer did not occur; or
(iii) Readily-available telephone line. Providing a readily available telephone line that the consumer may call to determine whether the transfer occurred and disclosing the telephone number on the initial disclosure of account terms and on each periodic statement.
{{10-30-98 p.7369}}
(2) Notice by payor. A financial institution need not provide notice of a transfer if the payor gives the consumer positive notice that the transfer has been initiated.
(3) Crediting. A financial institution that receives a preauthorized transfer of the type described in paragraph (a)(1) of this section shall credit the amount of the transfer as of the date the funds for the transfer are received.
(b) Written authorization for preauthorized transfers from consumer's account. Preauthorized electronic fund transfers from a consumer's account may be authorized only by a writing signed or similarly authenticated by the consumer. The person that obtains the authorization shall provide a copy to the consumer.
(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.
(2) Written confirmation. The financial institution may require the consumer to give written confirmation of a stop-payment order within 14 days of an oral notification. An institution that requires written confirmation shall inform the consumer of the requirement and provide the address where confirmation must be sent when the consumer gives the oral notification. An oral stop-payment order ceases to be binding after 14 days if the consumer fails to provide the required written confirmation.
(d) Notice of transfers varying in amount--(1) Notice. When a preauthorized electronic fund transfer from the consumer's accounts will vary in amount from the previous transfer under the same authorization or from the preauthorized amount, the designated payee or the financial institution shall send the consumer written notice of the amount and date of the transfer at least 10 days before the scheduled date of transfer.
(2) Range. The designated payee or the institution shall inform the consumer of the right to receive notice of all varying transfers, but may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts or only when a transfer differs from the most recent transfer by more than an agreed-upon amount.
(e) Compulsory use--(1) Credit. No financial institution or other person may condition an extension of credit to a consumer on the consumer's repayment by preauthorized electronic fund transfers, except for credit extended under an overdraft credit plan or extended to maintain a specified minimum balance in the consumer's account.
(2) Employment or government benefit. No financial institution or other person may require a consumer to establish an account for receipt of electronic fund transfers with a particular institution as a condition of employment or receipt of a government benefit.

[Codified to 12 C.F.R. § 205.10]

[Section 205.10 added at 44 Fed. Reg. 59471, October 15, 1979; amended at 45 Fed. Reg. 8265, February 6, 1980, effective May 10, 1980; 61 Fed. Reg. 19672, May 2, 1996]

_________________

Posted: Fri Feb 29, 2008 6:03 am

Thanks for posting that, guest! Sorry, had to sign off last night.

Guest · Posted: Fri Feb 29, 2008 6:04 am

I realzie this is stressfull, just hang in there. Take all the stuff you listed and I would print out the laws that guest posted. You can do this. As Cannr pointed out when you go to the bank request to speak with the manager. Do whatever you can to make them listen and hear you. You need to fight the good fight if needed. Also, if they are still not helping you, aske the manager who his/her boss is and their contact information. You can report the bank if need be...be strong..this is your money, fight for it.

Posted: Fri Feb 29, 2008 6:09 am

WOW thanks everyone--i stayed ALL night organizing/copying/typing---just yesterday morning death looked better than my coffee---I will report back to you all when I get home from everything---FIGHT FIGHT FIGHT

(PS do not know when aunt can get here she is busy but she wants to help she has kept us off the street!)

Posted: Fri Feb 29, 2008 6:11 am

(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.

it has not been three business days--is that a problem

Posted: Fri Feb 29, 2008 6:13 am

LOve, also found this..take it with you so you can refer to it if you get nervous....

Posted: Fri Feb 29, 2008 6:15 am

ok...is it to late as i mentioned above...

Posted: Fri Feb 29, 2008 6:16 am

I would point out that you have been trying for how ever many days to get this taken care of and the people you were working with were no help...It would also be helpful if you can remember the names of people you talked to. Good luck with this...let us know what happens...gotta go get ready for work.

Posted: Fri Feb 29, 2008 6:18 am

have a great day at work...ty

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