Delaware Attorney General tells me...

Date: Tue, 04/29/2008 - 19:13

Submitted by goldhelmet
on Tue, 04/29/2008 - 19:13

Posts: 96 Credits: [Donate]

Total Replies: 10

Eastside Lenders(of Delaware) does not have to follow Oregon law when loaning to me (I'm a resident of Oregon). The Oregon Department of Finance and Insurance has told me twice that this is NOT the case. The person who called me from the Delaware AG's office today said "she'd never heard of such a thing" when referring to have to follow some other state's law when it comes to payday lenders in Delaware, and that "she's been doing this for a very long time". No wonder Eastside Lenders says that they are "prepared to go to arbitration". I've offered to pay back the remaining principal, and they're still insisting I owe the full amount including the 995% interest.

Hmmm.... Is this complacent arrogance that comes from being the usury capital of the United States of America? No wonder banks flock to Delaware. :shock:

995% interest, holy crap! :shock:

lrhall41

Submitted by Shazzers on Tue, 04/29/2008 - 19:18

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First off, Oregon's laws specifically say otherwise. They speci

First off, Oregon's laws specifically say otherwise. They specifically state that any company lending to an Oregon resident, over the internet or phone or fax, must comply with Oregon's laws.

Did you file a complaint with Oregon's attorney general?

lrhall41

Submitted by goudah2424 on Wed, 04/30/2008 - 06:50

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reply

yes golden,the delaware AG told me the same thing in regards to eastside and GECC aka CASH DIRECT EXPRESS.
incredible.of course my AG in illinois had a different point of view.

lrhall41

Submitted by paulmergel on Wed, 04/30/2008 - 07:05

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I'm sure the AG is looking at it as though these places are stil

I'm sure the AG is looking at it as though these places are stil doing business in DE. They aren't thinking of the transaction as though it happened in your state.

lrhall41

Submitted by goudah2424 on Wed, 04/30/2008 - 07:07

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Once again, I see cases like this one forcing the US Supreme Cou

Once again, I see cases like this one forcing the US Supreme Court to decide which state laws are followed: the ones where the lender is or the ones where the customer is?

lrhall41

Submitted by kscornell on Wed, 04/30/2008 - 07:31

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It's stuff like this that serves as a reminder to everyone that

It's stuff like this that serves as a reminder to everyone that nothing is black and white, and everything depends on the person in charge and how the interprete things.

lrhall41

Submitted by goudah2424 on Wed, 04/30/2008 - 07:34

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