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If he doesn't redeem it and still tries to collect then it is harassment, extortion and fraud.
So... when you sign the note if the bank doesn't redeem it... it's their problem unless there is no money at the central bank...
is this right?
MrFmmcosta 1 year ago
Even if it wasn't securitized shouldn't the note be sufficient?
I mean... the note can be redeemed by the central bank...
If I have a debt and I write a check to pay it and the creditor tries to redeem it at the bank and there is no money on the account the debt still stands however if I write the check and the creditor doesn't redeem the check (and the account has money) then it's the creditors fault that the debt still hasn't been settled.
MrFmmcosta 1 year ago