ACH REVOCATION...REG E of the FDIC

Cwbservices doing business as classic, anasazi and etc I sent two letter revocation letters and demanded a refund for my overpayment. One said my balance is zero now and the other is still teying to get money but idk hoq to repsond to this letter.


My letter to them

Dear Anasazi Group LLC


It has come to my attention that you are an illegal lender and payday lenders must be licensed by the state of California in order to offer loans to its residents. Since your company has no license in my state, the loan contract I have with you is not valid. Although I am not legally required to do so, I am willing to repay the principal balance of this loan. To date, I received a deposit of $200 on 12/13/12 which I paid $605 and a deposit $150 which I have paid $90. Which comes to an overpayment of $345


At this time I am requesting a return email acknowledging that my loan has been paid in full. Also, I am demanding a refund check of the $345 overpayment. A refund check of $345 can be mailed to me at the address you have on file.


As of 05/30/13 I am also revoking authorization for ACH withdrawals and any wage assignment I may have signed with your or your affiliates. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.

Please respond to this email with acknowledgment that my account has been satisfied in full. Details of when I can expect the refund check, as discussed above, should also be included in the email.

I have intentions on moving forward with complaints to my Attorney General and the FTC, and the CFPB if the terms in this letter are not met


Their reponse:

We respect a consumer who researches the services he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you were agreeing to with The Anasazi Group. You may be a citizen of CA, however the contract was not made in CA but via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by entering your electronic signature are the laws of the jurisdiction in which the lender is located.



That said, after reviewing your account i see that this account was opened by you on 4/9/2013. To date you have paid 2- $45 fees for a total of $90. The Lender has agreed to accept the principal balance of $150 to close out this account. Please reply to this email to confirm and the payment of $150 will be scheduled for 6/12.



If you have questions or need to make arrangements on the balance please contact our office.

All payday loans are illegal in PA. Follow the link in my signature line for information on how to deal with them.

l

Closing this threat....this is not a thread for questions. If you have further questions, start your own thread.


How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html

I have started my own threads 3 times and they just disappear, so I am trying to find my answers through other people's experiences. Thank you for the help.

Your post might be going to review, does happen sometimes. Looks like this thread finally worked for you http://www.debtconsolidationcare.com/paydayloan/forum/thr ead110423.html - we should be able to answer all there for you - to make it easier for you to find.. :) Glad we can help!!


USA Payday Loan Laws
How to deal with illegal lenders, step by step instructions, courtesy of OhioGal
How to write a proper debt validation request, courtesy of SOAPLADY
How to deal with a Collection agency contacting you for PDLs, courtesy of Waffles

@menthedogs - the answer is in thread http://www.debtconsolidationcare.com/paydayloan/listofill egallenders-inc... - it may be easier if you just go into payday loan help and and the top start your own thread - by asking expert - then it will be easier to find your answers... this is not the thread for that..


USA Payday Loan Laws
How to deal with illegal lenders, step by step instructions, courtesy of OhioGal
How to write a proper debt validation request, courtesy of SOAPLADY
How to deal with a Collection agency contacting you for PDLs, courtesy of Waffles

Am I looking for the form to send to the payday loan company?

Please open your own thread....this is not the appropriate thread for your questions.


How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html

if some moron at your bank said jail time they should be jailed for criminal stupidity.REG E is a federal law and they can be penalized for not complying with it.what is the name of this stupid bank?sounds like one that needs a nice lawsuit for not complying with REG E.


giving hope to the hopeless,help to the helpless,and hap to the hapless.

Your bank is full of shit...there is nothing in the federal regs that require this. Who the hell where you talking to? Talk only to a branch manager and if this is who you talked to, tell her to get her district manager on the phone. She will have the number on cell phone. The manager needs to read the regs!!!


How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html

I have been reading on here all the info on revoking an ACH. Well from Wednesday I have been trying to zero out my account as advised from my bank and wait 24 hours before closing. Today I have been hit with more charges. My bank says for me to revoke an ACH the document must be notarized and submit to their legal dept.. They will then contact the lender to determine if I did sign a contract and if I did I am in jeopardy of loosing my account and possibly facing jail time and fines. All she keeps repeating is that I signed a contract, and they are obligated to carry out the contract terms.


Please advise.....

I have 3 online payday loans at this time. And I'm not sure if they are legal in my state. I am in Pennsylvania.


Custom payday loan - borrows $450, paid back $540 to date. Just in fees to rollover.


Westriver Cash - borrowed $350, paid back $420 to date. Just in fees to rollover.


Harvestmoon - borrowed $300, paid back $560 to date. Just in fees to rollover.


If anyone can help on what I can do I would very much appreciate it. I just want to know if they are legal or not. If not then I can go ahead and start sending letter cause I'm paid up as far as I'm concerned. Thank you ahead of time.

I have Wells Fargo trying to charge me fees too...

I am seriously in a bad situation with multiple loans. I intentionally took them out with the means to pay them back but one after one I found myself in a HOLE OF DEBT!!! I have 7 online loans and reside in the State of Louisiana. I have contacted the Finance Dept and AG office both state that the company have to abide to the state laws but do not have to reside in the state I think thats right. I have been trying to overcome this for over two years now and I am at a point I feel like I will never be free from these loans.

1. Pay Day One - $700 total if pay back all interest - $694.20 = $1,394.20 - Paid $152.68 on 5/13/13

2. SpotLoan - $800 5 months 9 payments left total due - $1012.52

3. Cashnet USA - $225 + $45 =$270

4. CashCure - $650 + 143= $793

5. MB Processing - need to get the amount

6. Quick Credit 911 - need the amount

7. Cash Central - $800 +200 = $1000 + $20 ACH return fee = $1020

Bank of America will not close out an account automatically...they say that you can get to a zero balance but if any ACH's hit it reopens the account...I think their time frame was 90 days.....such crap.....

OK so after reading the advice from the form for like the 85th time. I finally got the courage to go ahead and submit the documents USAA requested to accept an ACH Revocation(notarized document with account info from lender). So I submitted my docs and letters to USAA and all three of my lenders: VIP CASH, GRENTERPRISES, & WTJ CAPITAL/Incline Services Corp.


The same day i got two responses back so far VIP CASH:


David Cobbett


7:17 PM (13 hours ago)


to me

Mr. XXX - thank you for your email. I have frozen all activity on your account. Please allow me a day to review your account and determine the refund amount. You account is considered paid-in-full and once a refund is processed I will permanently archive all of your account information.


Please feel free to contact me if you have any questions or concerns.


Sincerely,

David


Also GREnterprises responded:


I am able to send you a refund, but in order to do so, I would need to fax

you paperwork that you would need to sign and fax back.


Do you have a fax machine available or would you prefer that I email the

documents?


Please advise


Signmyloan.net


So I am waiting on a response from the third lender.


For everyone on the forum, thank you all for your support and your role in providing me with the info to tackle this head on. I will post more updates as I get them.


Thanks again...

what does USAA stand for?they have no concept of anything.what a crapass bank.i would just find another bank,and keep any docs related to this for when you take action against them.talk about a bunch of idiots.


giving hope to the hopeless,help to the helpless,and hap to the hapless.

I did some searching and I see you're not the first one to have the same problem with this bank. If I were you, I'd issue a complaint with your state banking commission. Any bank whose advertising is aimed at the U.S. military should know better. :(