Debt Removal Package
All debts from all banks and fractional reserve lenders of all kinds are collected illegally due to the original note being with the Federal Reserve Bank instead of the lender. Only the original note holder is allowed to collect a debt. By original it means that only the individual that has the original paperwork proof is allowed to collect debt. Just like you cannot use a copy of a dollar bill to pay for anything, no one can use a copy of a note to collect a debt. Just like a Federal Reserve Note must be in original form(not a copy) or it is a counterfeit, the same applies to your note and your lender does not have that note because they traded your note for federal reserve notes, nothing was ever lent or borrowed. Since all debt by every commercial lender is collected illegally, we have to know how to remove the debt from the credit report and the asset itself if needed. With this information, you will be empowered through the use of steps according to T.I.L.A. -UCC and Fair Debt CollectionPractices Act (F.D.C.P.A.), a part of the body of law called United States Code and learn how these creditors failed to take the steps defined by law for reporting negatively to your credit report in the first place.
Repeat small claims enforcement using other statutes as you cost them $5K - $10K for their attorney representation every time. It basically costs you nothing or next to nothing. You are simply trying to show the scam of the lender not having the note and making them pay each time for their fraudulence with court and lawyer fees.
Get your credit report before you start and after you end the letters. You can obtain a fairly accurate free credit report via Credit Karma or you may have access to one from your bank or credit cards that offer this feature. These are evidence of their wrongdoing. No matter what they mail you in answer to your validation letters, keep going through the process as many times as needed until they initiate a settlement offer and you agree to the terms of the offer.
Other statutes and codes to use instead of the ones in the sample filing for future filings are for example:
- Debt collector licensing laws
- UCC lost note paperwork
- State code for FDCPA, FCRA, financial fraud
- Any code that has a fine that might apply
Should you be forced to pursue the small claims court option, you are just seeking what the law allows, a fine because all you are doing is using a code or statute with a fine to get them in the room for the specific performance because you know they do not and never possibly can have the original note. Evidence of a fine is evidence of compensatory and punitive damages for later actions if you so choose.
An alternate method for enforcement is recording the Notice of Lien against the assets of the creditor or their attorneys. It is mailed with the Validation Letter 2 after giving them the option to pay under the Notice of Demand for Payment with Validation Letter 1. Since their debt is collected illegally, the Notice of Lien matches the amount and interest rate for their illegally collected debt and collects it from them to offset their illegally collected debt from their assets. Turnabout is fair play.
Contents:
Forward
Step1-Validation Letter 1 and Notice for Demand and Payment
Step 2-Validation Letter 2 and Notice of Lien
Step 3- Enforcement - Filing of a Small Claims Case
Step 4- Alternate Enforcement – Notice of Lien
Conclusion
Appendix (applicable laws)
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