(A). CREATE E.F.T. CERTIFIED TENDER WITH STATEMENT >>> E.F.T. Received w/o recourse >>> then SUBMITTED (not deposited but discharged) to vendor bank (B.) E.F.T. SUBMITTED VIA BANK TO Automatic Clearing House for immediate processing (A.C.H). >>> Bank may forward to F.D.I.C. Or create Charge Back Order (C.) Federal Reserve (a private corporation/not public) receives item (B.) and simultaneously forwards funding credit to BANK as per chart below.
USC- HJR 192
June 6th 1933 & FDIC Regs
ALL BANKS DO THIS Without your knowledge or permission read carefully
You can now CREATE an
Electronic Fund Transfer Which allows you To DISCHARGE ONLY VERIIFIABLE EXISTING DEBT
DISCLAIMER: This flier is not to be misconstrued as a prospectus or a solicitation
for funds in any way shape or form. This flier is for educational purposes only.
See FDIC regulations: 15 USC-78c and 15 USC 1692e
Items needed: ____Closed Checking Account Info.
____ Statements of items to discharge Items to discharge: Mortgage #1a:....................................... ____________ Mortgage #1b........................................ ____________ Home #1 resale value _____________ Home #1 Total Owed ______________ __amount Up-side down __________ 2nd home Mortgage #2a......................... ____________ 2nd home Mortgage #2b......................... ____________ Home #2 resale value _____________ Home #2 Total Owed ______________ __amount Up-side down __________ Personal loan #1 @ ______________ amt:_________ Personal loan #2 @______________ amt:_________ Personal loan #3 @_______________amt:_________ Medical #1 @ ___________________ amt _________ Medical #2 @ ___________________ amt _________ Medical #3 @ ___________________ amt _________ Medical #4 @ ___________________ amt _________ Student Loans ___________________amt: _________ Merchant #1 @ __________________amt:_________ Merchant #1 @ __________________amt:_________ Merchant #1 @ __________________amt:_________ OTHER: @______________________amt:_________