Got this email after sent ach revoke email to cash cure

Is this legit??





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Dear Sharon Paciulan,

Thank you for contacting us regarding the lending laws in your state.

Cash Cure is a Delaware licensed lender. The company has no offices; employs no agents or employees, and conducts no business within the borders New York. Cash Cure conducts all of its business in the State of Delaware in strict compliance with the Delaware law that governs its operations.

Please take note of the section of your Loan Agreement, electronically signed by you on 06/21/2012, entitled, "GOVERNING LAW, ASSIGNMENT AND EXECUTION." It states:

"This Loan Agreement is governed by the laws of the State of Delaware, as it is the State in which Your Application is received, the Loan Agreement is entered into, the Loan is approved and funded and where payment is received by Us in fulfillment of Your obligations under the Loan Agreement. We may assign or transfer this Loan Agreement or any of Our rights hereunder. If this Loan Agreement is approved by Us, then You agree that the electronically signed Loan Agreement We receive from You will be considered the original executed loan, which is binding and enforceable as to both parties."

Please also take note of the section entitled "RENEWALS." It states:

"You authorize Us to automatically renew the loan evidenced by this agreement on each due date, extending the loan due date for a period coinciding with your pay period, unless one off the following has occurred: (a) You have repaid all obligations under this Loan Agreement in full, (b) You have been sent notice of Our intent not to renew Your loan, or (c) You are in default as set forth above. Additional fees will accrue if Your loan is renewed, which means the interest will continue to accrue on the unpaid balance of Your loan during each renewal period. You authorize Us to debit your account, pursuant to the Electronic Funds transfer Authorization below, in the amount of the Finance Charge, identified above, on the Payment Date and each subsequent due date. As required by Delaware Law, We will not renew Your loan or extend a due date more than four times without entering a workout agreement. If You are not able to pay all amounts due and owing after your fourth renewal, You must enter a workout agreement with Us, under the terms of which You will be required to reduce the outstanding principal amount of the loan by not less than 10% of the original loan amount per pay period until the loan is repaid in full. As with renewals, interest will continue to accrue on the unpaid balance of your loan during each workout period."

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