MTE Financial - Please Read

Got'em !!!! We got'em guys! Here you go: PLEASE READ

These companies are operated by the Modoc Indian Tribe and the (the Tribe) states that they are sovereign and therefore exempt from the comsumer protection laws of any state.

This is beautiful !!!

Items to note:

'Oklahoma credit regulators have also issued a cease and desist order against the company. The lender reportedly claims that it is operated by the Modoc Indian Tribe, and is therefore sovereign and exempt from the consumer protection laws of any state.'

The next paragraph explains why they cant claim sovereign state: although they are an Indian tribe; they entered into these contracts with us knowing we live in other states and then arranged to deduct funds from our banking accounts in other states.

Good Job! Wish something like that would come through NC. I really hope and pray that one day all these preditory lendors, PDLS & the others, will be brought down. Hate it that they are taking advantage of so many people.

Again, Great job!!

If these statements are good enough arguments for the state of Maine to use against MTE, then heck, they ought to be good enough for us too!
Can you imagine the PDL'S shock when they discover that we are on to their 'fronts' !!

Recognize any of these names? They've joined the fight:

Quote:

Emergency-Cash-Loan.com
unitedcashloans.com
UnitedCashLoans
Quickest-Payday-Loan.com
1000 Payday Cash
Emergency-Cash-Loans.com
Payday-Loan-Online-1000
and
MTE Financial Services.

Does anyone have their original loan agreement for any of the above? Thanks.

I do.

Welcome my fellow service woman!! I spent 3 yrs in USAF !

Would you please read thru and tell me if there's any mention of 'soverign immunity' 'Modoc Tribe' or is there an arbitration clause ?? Thanks!

OK for some reason my replies aren't posting........

I said.....I have my original Loan papers. From both loans I believe.

Cannr has already started a topic on this one.

Please see:

http://www.debtconsolidationcare.com/paydayloan/mte-dba.html

Here are some threads with the cease and desist letters posted too.

http://www.debtconsolidationcare.com/paydayloan/ucl-ceasedesist.html

http://www.debtconsolidationcare.com/oklahoma/rio-mtefinancial.html

Thanks Goudah. I read thru his thread - I didnt see the info I needed ie contract/agreement.

Yeah, I don't think any contracts are posted on this site . . . .

I had a loan through ameriloan, and there was an arbitration clause in it. I don't remember is there was anything about them being on indian land though . . . .

Hopefully soldier/wife/mom will come thru with the info . . . .

Nope, not a word about "Indians", "Modoc", or "Sovereign" anything!!!

I talked to Brad at the Oklahoma AG's office today and he said they're so full of it about the Indian thing. That only applies if you loan to other Indian/Tribal Members ON your land. If you loan to NON-Indian/Tribal members (and they are out of the state especially) then you give up any Sovereignty (sp?) and are gonna be nailed as an Unlicensed Company in violation of STATE laws!

:twisted:

Yeah, there are quite a few state's that are trying to close them down!

I have a PDL with MTE Financial dba Quickest-Cash-Advance. I went to the website and found the Legal Disclosures.

What I get out of this, is they have to follow Federal Laws and the laws of where they are located. If they are located in OK, shouldn't they have to follow OK's laws? I didn't read anything about the Modoc Indian Tribe. This is soooo Confusing.

Duplicate content from another website removed to avoid redundancy. Please refer to the link below - Mike

quickest-cash-advance.com/legal.asp

This is actually ON their Account Summary papers, the ones they send you whenever you pay down or "renew" your Loan.



[quote]Governing Law: By obtaining this loan and or renewal of this loan thereafter, both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the Lender is located, regardless of which state you may reside, and you consent to the exclusive exercise of regulatory and adjudicatory authority by the jurisdiction in which the Lender is located over all matters related to this Note and your account, forsaking any other jurisdiction which either party may claim by virtue of residency. [/quote]

Ive been researching a few things - curiosity more then anything.

There was a posting in an Indian law review on line. There was a sentence that read 'sovereign immunity is not always a blessing. When seeking non-tribal business, contract must explicitly address the question of immunity'.
I dont see any mention of that above - do you?!

Another item:
In Kiowa Tribe of Oklahoma v. Manufacturing Technologies, Inc. the (US) Supreme Court decided for soverign to be invalid (the) Tribe has to waive its immunity. In the contract that existed between this company & the Kiowa Tribe there was an arbitration clause. The Supreme Court decided by signing a contract containing an arbitration clause, the tribe clearly waived its immunity.
Arbitration clause = waiver of sovereign immunity.
Refer them to item # 8 of their own contract !

Let us not forget that THEY drafted the agreement not us.

Thru various posts on this forum the state of OK is all over them. However the more we educate ourselves the less likely we are to get rattled when they fire off their vile thru calls & emails. And we can help newbies to the site.

As I stumble across this info - Im amusing myself! Ive had some pretty good laughs at their expense.
Knowledge - power !

Exactly! And this is one of the dirtier companies out there . . . . It's pretty amazing what a bit of research can find out, huh?

Oh there's a whole section about Arbitration on their Loan papers!

All about "you give up the right to sue" and "signing this implies you are open to mediation, arbitration and/or class action" :roll: riiiight, whatever you say

By including all the info on arbitration - they've shot themselves in the foot - no make that both feet !

Hello hvn_sent, did you get your situation taken care of? I was hopeing you would let me know. Was kinda of worried about you and have heard nothing from you since you asked fo my help. :cry:

I recently got a loan from mte financial and have ready some pretty scary things about them. I would like to know if there is anything i can do about the loan i got that is about to come due the 12th of this month to stop them from taking extra money from my account. Thanks i have no information for these people , i was told i would get that all via email and got nothing.

Sick and worried