Question re: do state laws....
Date: Fri, 08/31/2012 - 08:58
Submitted by FairSettlementPlease
on
Fri, 08/31/2012 - 08:58
Total Replies: 3
I live in PA, is the below statement true?
This is a St. Vincent company. St. Vincent andthe United States are both parties to theGeneral Agreement on Trade in Services, atreaty which specifically permits companies inone country to make consumer loans tocitizens of the other. Under the treaty, weare only obligated to follow the federal laws ofthe United States. We are not required toobtain licenses and individual state laws do notapply since the federal laws adopting thistreaty supersede any state’s laws on thesubject. I can provide you with the payment options.
Thank you in advance.
This is a St. Vincent company. St. Vincent andthe United States are both parties to theGeneral Agreement on Trade in Services, atreaty which specifically permits companies inone country to make consumer loans tocitizens of the other. Under the treaty, weare only obligated to follow the federal laws ofthe United States. We are not required toobtain licenses and individual state laws do notapply since the federal laws adopting thistreaty supersede any state’s laws on thesubject. I can provide you with the payment options.
Thank you in advance.
Use your head - why would the
Use your head - why would the laws of a foreign island nation trump the laws of the United States, and more specifically the state you live in? Don't be ridiculous.
No, this is untrue. You are
No, this is untrue. You are only subject to PA state and federal laws, not the laws of St. Vincent. That is the regular BS these idiots try to feed consumers and trick them into parting with their money.
