Hmm...
Date: Tue, 10/19/2010 - 15:56
Folks, Got a suspicion that we may have these illegal lenders dead to rights. It seems to me that contracts need a pen-to-paper signature or if it is an e-signature, a PIN code is usually included (I need to do one when I do my taxes) in order for it to be legally binding. So my question is this, if the only thing PDLs need is a simple name and date, wouldn't that make the contract invalid??
And in the great state of New York, Payday lending is a huge no-
And in the great state of New York, Payday lending is a huge no-no. The Penal Law that applies here is sec. 190.40 concerning excessive usury which is a Class E Felony! In New York, a Class E Felony is punishable by up to 4 years' imprisonment, five years' probation, up to a $5,000 fine, or any combination thereto.
Which state's laws trump the federal E-Sign Act? Everything I r
Which state's laws trump the federal E-Sign Act? Everything I read on line says states can allow more types of documents to be signed electronically than the feds require, but have no power to restrict e-signatures.
Quote:Originally Posted by AnonymousWhich state's laws trump the
Quote:
Originally Posted by Anonymous Which state's laws trump the federal E-Sign Act? Everything I read on line says states can allow more types of documents to be signed electronically than the feds require, but have no power to restrict e-signatures. |
And what does this have to do with the discussion above?
