| Message |
Author |
 Posted: Mon Feb 05, 2007 1:08 pm Subject: MTE Financial/Miami, OK address |
|
|
Heard from MTE Financial Compliance Dept in Miami, OK. This is what they said regarding my refund and request for a PIF account.
| Quote: | "While the info you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our leal dept. In addition, the Legal Disclosures provided for customer reference at our website state the following:
Regardless of where you may be viewing or accessing this site, you as the borrower are responsible for complying with any local statutory obligations that may exist in your state or are with respect to this transaction.The Federal laws and laws of the jurisdiction in which the Lender is located governing this consumer loan agree ent may differ from the laws of the state where you reside. If you do not want to enter into a consumer loan agreement with us under ourterms, then you should apply for a loanat a provider located in the state where you live.The money ws lent to you in good faith with the understanding that you would abide by the terms in your loan contract. The lender will be prepared to provide you with the information necessary for repaying the $50 that remains due on your principal balanve. Payment must be received in the form of a Cashier's Check or money order payment. We expect this offier will brin us to an amicable resolution. Please acknowledge your understanding and acceptance of our proposal if you are in agreement with the offer detailed above, and advise which payment method you will use. Once your acknowledgement/agreemtn is received, we will provide you with the information needed to make the payment. Once we have received this payment, we will mark your account "Paid in Full" If your response is not received within 7 days of the date of our offer, the offer will become null and void and collection efforts will resume.
Respectfully,
Compliance Department |
cc/file Your opinions? I have overpaid tham and they should refund $995.00 I filed with Florida ag, Miami, Oklahoma ag, BBB.
|
|
molliehuber
Joined: 10 Jan 2007
Posts: 47
Debtcc Points: 4748
|
|
|
| Posted: Mon Feb 05, 2007 1:45 pm Subject: |
|
|
Write them back asking about their license in your state. If they are saying that you agree to follow the terms mentioned in their contract, why did they start their illegal business without a license?
There is nothing to panic with this company. They are sure to be shut down. If they are doing everything right, why are they ordered to stop lending in OK. Show them this link
http://www.debtconsolidationcare.com/oklahoma/rio-mtefinancial.html
Claim for the refund once again. Send the link of your state laws.
|
|
onelamb
Joined: 25 Jul 2006
Posts: 436
Debtcc Points: 2736
|
|
|
| Posted: Mon Feb 05, 2007 2:31 pm Subject: |
|
|
everyone re-read the enclosure from mollie one more time. Specifically this line here:
| Quote: | | The Federal laws and laws of the jurisdiction in which the Lender is located governing this consumer loan agree ent may differ from the laws of the state where you reside. |
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
| Posted: Mon Feb 05, 2007 2:54 pm Subject: |
|
|
The fact remains that Traci and I have letters signed by OKDCC that say they have been ordered to cease and desist making loans. Although I am continuing my research on this company, you should use those letters as your ammunition against them.
|
|
scotch
Debt Samaritan
Joined: 21 Sep 2006
Posts: 171
Debtcc Points: 3328
|
|
|
| Posted: Mon Feb 05, 2007 3:08 pm Subject: |
|
|
Mollie,
You have done the right thing by filing complaints against this company. It may take a few weeks to hear back on these complaints though. Also file a complaint with the Oklahoma Department of Consumer Credit since they have ordered them to cease and desist from making loans in their state. I wouldn't pay them another dime. I'm not sure about Florida lending laws but I know in my state they MUST be licensed in order to conduct business here.
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3682
Debtcc Points: 36186
|
|
|
| Posted: Mon Feb 05, 2007 3:10 pm Subject: |
|
|
oops.......sorry chizhy.......I mean't to come back to it & got sidetracked.......damn! Lemme redo that PROPERLY this time.....can we get an admin to delete that first post please?
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
| Posted: Mon Feb 05, 2007 3:16 pm Subject: |
|
|
| Quote: | | The Federal laws and laws of the jurisdiction in which the Lender is located governing this consumer loan agree ent may differ from the laws of the state where you reside. |
Ok! redux numba one! so that everyone understands better, they are using the line above as a shield to what they are doing...because they are on operating on an indian reservation.
hope this helps, so I got sidetracked for a bit & forgot what I was originally doing with it. Throw your fruit, veggies, empty beer bottles, snuff cans & spit wads at me now!
*chuckle*
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
|
|
| Posted: Mon Feb 05, 2007 3:21 pm Subject: |
|
|
More than one IPDL has used this line. If Mollie has overpaid by nearly a thousand dollars, then she needs to file the proper complaints. She is well on her way with dealing with that. The more complaints there are on file, the better off we are as consumers. MTE has moved at least twice in the last year that I know of. They are just trying to skirt the laws like a lot of IPDL's.
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3682
Debtcc Points: 36186
|
|
|
| Posted: Mon Feb 05, 2007 3:25 pm Subject: |
|
|
this is the first I've seen of the terms. I came in mid-stream here & am playing catch up?? Yes, mollie needs to file with both states on them, I totally agree. Again, my apologies to chizhy & everyone else for allowing myself get sidetracked in mid post.
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
| Posted: Mon Feb 05, 2007 3:29 pm Subject: |
|
|
I had one that claimed I had to follow their laws in Costa Rica. This is when I first learned about lending laws in Ohio. This had nothing to do with MTE or Rio. I had overpaid them by about one thousand dollars over the course of our "business" relationship. I got the threatening call and turned to the AG's office in my state. When I got done with them, they marked my account PIF. They were trying to skirt the laws like the majority of them. Everything was handled through my attorney general's office and now they want me to take out a new loan because I'm a preferred customer. Fat chance!
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3682
Debtcc Points: 36186
|
|
|
| Posted: Mon Feb 05, 2007 3:46 pm Subject: |
|
|
one *atta girl* you mishele! But ya know what really chaps my butt? Is the people of tha "sovreign nation" or any other "sovreign nation" meaning reservation in these United States, are eligible to serve in the US military!
Many, many men from the Indian Nations have served this country in just about every damn war & police action there is. Now, does that make any kind of sense?
Their legal department (tribal attorney) says they can do so?? HMMMMMMMMMMMM....
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
| Posted: Mon Feb 05, 2007 3:51 pm Subject: |
|
|
This whole indian reservation defense- maybe this is not a smart question but do they have there own laws on reservations that are separate from the rest of the US, including "federal"? To me, if they indicate anything that says "federal" that refers to the US government laws so how can they put that in their terms and then try to have a defense about operating from an indian reservation?
|
|
HUDiva
Joined: 16 Nov 2006
Posts: 90
Debtcc Points: 2058
|
|
|
| Posted: Mon Feb 05, 2007 3:57 pm Subject: |
|
|
*whistling* you need a lawyer to answer that!
|
|
texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
|
|
|
| Posted: Mon Feb 05, 2007 6:26 pm Subject: |
|
|
HUDiva,
I don't think that is a dumb question at all. It's something that I would like an answer to myself. It sounds like there might be different laws that apply but they are contradicting themselves. It's just another way for them to skirt the law for now 
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3682
Debtcc Points: 36186
|
|
|
|
|
| Posted: Mon Feb 05, 2007 8:36 pm Subject: |
|
|
My family is Navajo, my Grandmother still lives on the Reservation in New Mexico. My husband is Apache, so I feel I can answer your questions concerning Indian Lands and the law. The Reservations are a sovereign nation, they have their on laws, elected officials, etc. For example, the State of Oklahoma can not enforce any of their laws on the Reservation, BUT that does not apply to the Federal Government. The FBI and the BIA (Bureau of Indian Affairs)play a very active part in any crime, etc that occurs on the Reservations. So, if MTE IS on the Reservation, it will take the Federal Government getting involved to shut them down, but no one has confirmed that the address is definitely on the Reservation. I will find out, even if it means I have to take a trip to Oklahoma and I contacted the FBI months ago about them. For all we know there might be an investigation going on right now. I hope this has helped to answer some of the questions.
|
|
scotch
Debt Samaritan
Joined: 21 Sep 2006
Posts: 171
Debtcc Points: 3328
|
|
|
| Posted: Tue Feb 06, 2007 5:04 am Subject: |
|
|
From what i was told by the the man from the ODCC he was not sure if they were located on the reservation, but he did say its a possiblility because he thinks they might be a part of the miami tribe.
|
|
traci78
Joined: 04 Oct 2006
Posts: 106
Debtcc Points: 581
|
|
|
