07-15-2008, 09:55 AM
|
|||
|
|||
REVOKING ACH AUTHORIZATION
Is it possible to revoke ACH authorization on legal CSO's and PDL's in Texas to stop the withdraws from your bank account so that you can have some barganing leverage?
|
|
07-15-2008, 10:05 AM
|
||||
|
||||
|
ACH withdrawals are voluntary and can be revoked at anytime.
Requiring them as the only form of payment accepted is a violation of Federal Law. __________________
Escape the Payday Loan Trap http://tinyurl.com/pdltrap Looking to Make Extra Internet Cash? Avoid the trash! (MLM) New I Marketer has all you need to succeed! http://tinyurl.com/newimktr Follow me on Twitter www.twitter.com/frogpatch
|
|
07-15-2008, 10:12 AM
|
|||
|
|||
|
THANKS!!!!!!!!!!!! I read the article that you recommended and found it quite helpful.
|
|
07-15-2008, 10:13 AM
|
||||
|
||||
|
According to the electronic funds transfer act, you can revoke ANY type of ACH transaction...legal or otherwise. Just give them PDL/CSO written notice once the account is closed.
|
|
07-15-2008, 10:25 AM
|
|||
|
|||
|
Does the written notice need to be by registered mail or can it be by fax????
|
|
07-15-2008, 10:33 AM
|
||||
|
||||
|
It is always best to use registered mail. Faxes get tossed by accident or on purpose all the time. In my office I am constantly picking up other peoples faxes
__________________
Escape the Payday Loan Trap http://tinyurl.com/pdltrap Looking to Make Extra Internet Cash? Avoid the trash! (MLM) New I Marketer has all you need to succeed! http://tinyurl.com/newimktr Follow me on Twitter www.twitter.com/frogpatch
|
|
09-18-2008, 05:23 PM
|
|||
|
|||
|
ach notice of revocation of authorization agreement
Is it legal for a bank to refuse to accept an ACH Notice of Revocation of Authorization Agreement?
|
|
08-26-2009, 10:46 AM
|
|||
|
|||
|
What if you can't get an ACH Revocation agreement?
|
|
08-26-2009, 10:50 AM
|
||||
|
||||
|
reply
the letter is in the do-it-yourself section,and the watch out for section of this site.you can customize and print it out.
|
|
08-27-2009, 06:39 AM
|
||||
|
||||
|
No its not legal for the bank to not allow you to stop a preauthorized ACH.
Quote:
|
