Zip19/ECare in Texas

What this internet or storefront?

It was via internet.

A search of the CSO database in Texas doesn't turn up anything for Zip19 or Ecare. You need to go back and double check your loan documents and see if it mentions anything about a CSO or CAB. If not it is probably illegal and you need to follow the instructions in the sticky "dealing with unlicensed lenders". Make sure you secure your bank account first.

OK, I will need to look into that quick and talk to my bank tomorrow as well.

Thank you!

zip19 is offshore meaning totally illegal.meaning also you owe 500.00,and that is if nothing was debited.if anything was debited that gets deducted from the 500.00.you need to fnd helpinaz's primer on dealing with illegal lenders.follow every step.the first being to close your account and open a new one.do that and know they will threaten the world,but be able to do none of it.pay them on your schedule not theirs,and by money order only.do not give this illegal your new bank info.

They are talking about stop payments - not revoking ACH authorizations. - . You can revoke ACH authorizations at any time up to three days prior to the debit coming out of your account. Who did you talk to at the bank - I would recommend a manager.. I had to hard block my account due to it being compromised - which will shut it down and open a new one not linked to the old one..

I talked to my bank yesterday, and they said that they couldn't stop ACH from a company completely, only one time, and for a specific amount..plus they charge $25 per stopped payment.

Does anyone have any advise about that?

revoking an ACH is part of REG E and a federal law to boot.you need to see a manager not a teller,or someone on the phone.so again go in person see a manager bring a copy of REG E and the revocation letter.that should get it done.

Here is some info to help you:
907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.
[Codified to 15 U.S.C. 1693e]

A stop payment order applies only to one transaction, the May payment of your life insurance premium, for example. ACH rules require that once a payment has been stopped and returned the stop payment expires. However, if the account is subject to Reg E, the consumer's stop payment order has no expiration under the regulation. In my opinion, that trumps the NACHA (ACH) rule, but it does only apply to a consumer account and only to one transaction (and any resubmission of that transaction). To revoke an authorization for a series of recurring ACH items, the receiver (your customer) must notify the originator that the authorization is revoked. Once notified of the revocation, the originator has no authority to submit further transactions. If the receiver is a consumer and notifies you (the receiving depository institution or RDFI) that he or she has revoked or is revoking the authorization, you are required by Reg E to block all future transfers under that authorization. You are allowed to require your customer to provide documentation of the revocation (such as a copy of it) within 14 days and if you don't get the documentation, you are permitted to lift the block on future transfers under the original authorization until you do get a copy of the revocation.


10(c) Consumer's Right To Stop Payment
1. Stop-payment order. The financial institution must honor an oral stop-payment order made at least three business days before a scheduled debit. If the debit item is resubmitted, the institution must continue to honor the stop-payment order (for example, by suspending all subsequent payments to the payee-originator until the consumer notifies the institution that payment should resume).
2. Revocation of authorization. Once a financial institution has been notified that the consumer’s authorization is no longer valid, it must block all future payments for the particular debit transmitted by the designated payee-originator. (However, see comment 10(c)-3.) The institution may not wait for the payee-originator to terminate the automatic debits. The institution may confirm that the consumer has informed the payee-originator of the revocation (for example, by requiring a copy of the consumer’s revocation as written confirmation to be provided within 14 days of an oral notification). If the institution does not receive the required written confirmation within the 14-day period, it may honor subsequent debits to the account.
3. Alternative procedure for processing a stop-payment request. If an institution does not have the capability to block a preauthorized debit from being posted to the consumer's account – as in the case of a preauthorized debit made through a debit card network or other system, for example – the institution may instead comply with the stop-payment requirements by using a third party to block the transfer(s), as long as the consumer's account is not debited for the payment.

I just spoke to someone on the phone. I will go in person to talk to someone, I was in doctor appointments with my girlfriend all afternoon yesterday, so I just took a chance at calling.

Keep us posted - if you need anything else let us know.. :)

I can't find the letter that was mentioned in one of the earlier posts, I printed out a copy of the Reg E to take with me to the bank though.

Thanks!

The letter you take is the one you sent to the lender revoking their ACH Authorization.

I know I saw a template for that letter somewhere in the forum, can you tell me where it is, or post it here again for me?

Thanks

Yes, here is the link.. http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html -- I thought you had already done.. sorry... :)

My bank is not really being very helpful on the ACH revocation part of this, but they did let me change my direct deposit to go into my savings instead of my checking, that way at least it won't be able to be withdrawn.

I emailed the revocation letter to Zip19/ECare today, so I will see what happens going forward.

Make sure your checking and savings are not linked - since they normally are.. tell them you want your account put on hard block due to being compromised and you want to shut it down.. if they can open a new one not linked to the old then open a new one - if they can't help you tell them you will take your business else where. They have to honor your rights under Fed Reg E to revoke your ACH authorizations.

if they won't honor that then try to get that in writing somehow.it really is a disturbing trend that more banks are acting just like this.some have been sued before and it might be the case down the road,but again really disturbing that this is becoming a trend.

OK, I just confirmed with my bank, that since my checking is in the negative because of the last ACH from Zip19, that no money will transfer from my savings account into my checking.

They should still place your account on hard block...and open a new one.. but I am guessing that since it is in the negative they will not..
Also please register with the forums if you have not.

They told me when I was there, that they won't be able to get to the money in my savings account. They are 2 separate accounts, the savings was opened several months prior to me opening my checking account there.

No but they can continue to Over Draft the other one.. if the bank is allowing the charges to hit..