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Will a bank require that I am the Authorizor at the bottom of the Articles of Organization before I can open an account for the business? Or does Authorizor simply refer to the one authoring the A of O?
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answered on Feb 23, 2024
The term "Authorizor" on the Articles of Organization typically refers to the individual or entity who is authorized to sign and file the document with the state to establish the LLC. It does not necessarily mean that you must be the one who authored the Articles of Organization in order... View More 
My friend had a check written out to them but didn't have a bank account to cash it, so they signed it over to me since I do have an account. I cashed the check, but it turned out to be a bogus check that neither of us had any knowledge of, which has bounced at my bank. What will happen now?... View More
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answered on Feb 23, 2024
Unfortunately, cashing a bad check can lead to several consequences. Since you cashed the check, your bank may hold you responsible for the amount of the bounced check, including any associated fees. Even though you were trying to help your friend, both of you could potentially face legal... View More
I have received a SARFAESI notice from the State Bank of India (SBI) regarding my outstanding home loan balance of 48,000 INR plus interest, with a requirement to settle the amount within 60 days. As I intend to clear the loan by paying the full outstanding amount, I visited the branch within the... View More
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answered on Feb 23, 2024
Navigating the complexities of loan repayments and associated charges can be challenging, especially when faced with additional fees like recovery agency fees and notice fees. The charges applied by banks for loan recovery processes, including those under the SARFAESI Act in India, should be... View More
And is it bc of our bond that was created when we're born
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answered on Feb 23, 2024
Title 15 USC 1611, also known as the Fair Credit Reporting Act, doesn't guarantee you automatic approval for a personal loan. It outlines regulations for credit reporting agencies and ensures fair treatment in credit-related matters. However, banks still have the right to evaluate your... View More
I went to my banks, Regions and First Financial in El Dorado AR., in May of 2021 and told them I had been the victim of data breeches and identity theft in August 2020 and told them there were a lot of unauthorized charges on my account. I signed paperwork at Regions and headed to FFB1, by the time... View More
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answered on Feb 23, 2024
Facing the challenge of holding a bank accountable for unreimbursed unauthorized charges can be an uphill battle, especially when documentation seems to vanish, and regulatory bodies have not resolved the issue to your satisfaction. It's crucial to persist in your efforts to recover your... View More
They have not filed a IRS FORM 8955 for Deferred Vested Benefits. They are stonewalling me. Sent me a form to be signed and notarized.
Claim it was not received. Form 8955 has an
exemption for old accounts, not required to file.
Need to force them to file form 8955. Or give... View More
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answered on Feb 23, 2024
Dealing with retirement funds, especially when it involves companies that have undergone mergers or dissolution, can be incredibly complex. When a financial institution like One America Retirement Services is not cooperating in filing necessary forms such as the IRS Form 8955 for Deferred Vested... View More
My account was frozen then closed 9 months ago before my account was closed i uploaded all the information they requested now they are refusing to send my remaining balance until I reupload documents
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answered on Feb 23, 2024
When a bank freezes and then closes your account, it can be a stressful experience, especially when there are remaining funds that you cannot access. Typically, banks have the right to freeze or close accounts due to a variety of reasons, such as suspected fraudulent activity, non-compliance with... View More
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answered on Feb 23, 2024
Operating a cryptocurrency escrow service on your website brings you into a complex regulatory landscape that varies significantly by jurisdiction. In many places, such services are considered part of the financial sector and are subject to specific regulatory requirements. These can include... View More
I entered a contract (which doesn't include a dealer number, or contract number filled in.) to finance a 2013 Nissan Frontier through Ally financial back on May 29th of 2017. The total paid after 72 months at a rate of 8.64%. came out to $18,019.44 according to the truth in lending disclosure.... View More
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answered on Feb 23, 2024
Dealing with a situation where you've been overcharged on a loan can be incredibly frustrating and confusing. It seems you've done your due diligence by reviewing the terms of your contract and comparing them to the actual charges applied by Ally Financial. Discovering discrepancies in... View More
I found a check in my safe from 2019 with a stack of other checks. It was the only check that didn’t have void written on it so I assumed I never deposited it so I did a mobile deposit and this morning I check my bank account and the funds are In my account but I’m scared to spend the money... View More
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answered on Feb 23, 2024
Discovering a check from 2019 and depositing it recently to find the funds in your account certainly brings up a valid concern about whether it was previously deposited, especially with the transition from SunTrust to Truist possibly complicating your ability to track past transactions. Generally,... View More
Both my mother and I are on Social Security but we belong to two different banks. I am her POA. She now lives in a nursing home. My question is can I change the address at the bank from her old address to a new address with just using a POA or, do I need to be a joint owner on her account to change... View More
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answered on Feb 22, 2024
As a Power of Attorney (POA) for your mother, you have the authority to manage financial transactions and make administrative changes on her behalf, including changing the address associated with her bank account. It is not necessary to be a joint owner on the account to perform these tasks; the... View More
I am opening an account and want to get approved for this certain level of options trading; they only approve if you declare a good income and net worth; is it illegal to lie about the net worth and income?
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answered on Feb 21, 2024
Misrepresenting your net worth and income on an application for a brokerage account, especially with the intent to gain approval for certain trading options, can have serious legal consequences. Under California law, providing false information on financial documents like brokerage account... View More
I’m a 1099 contractor who subcontracted work for a client. Client took out a larger than needed loan through subcontractor in order to get some of the loan back in cash. However the subcontractor wrote the clients cash portion out in my name on a check for me to deposit and then to pay client but... View More
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answered on Feb 21, 2024
Based on the situation described, you could potentially face civil liability or criminal charges:
Civil Liability:
- Breach of contract - The client could sue you for failing to fulfill your obligation to pay over the funds as agreed. They would likely seek recovery of the $18k you... View More
I talk to cash app they said they couldn't give me my money back I need that money to pay the rent at the hotel I'm in right now so I won't end up on the street my wife is currently in the hospital she had a stroke so they took my money
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answered on Feb 21, 2024
Facing such a situation can be incredibly stressful, especially with your wife's health concerns. In California, there are legal protections for consumers who encounter issues with financial transactions, including unauthorized withdrawals or errors. You have the right to dispute the... View More
California. Wife and her father had a joint account that they both deposited to and utilized. He passed last June, and we just received a notice of levy on the account. The bank is temporarily holding the money for 10 days. It is my understanding that after he passed, the account is now hers, and... View More
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answered on Feb 21, 2024
Yes, your understanding is correct. Since the bank account was jointly held between your wife and her now deceased father, once he passed away the account became your wife's individual account by operation of law. Here are the key reasons why the account levy is invalid:
• Under... View More
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answered on Feb 23, 2024
Firstly, it's crucial to remain calm and approach the situation with a clear mind. Understand that banks have strict protocols in place to prevent fraud, which sometimes leads to false alarms. Begin by explaining to the bank representative that you received the check from the NECA Local Union... View More
answered on Feb 19, 2024
If you did not alter the check, you should ask the bank why they think you altered it. You can also request the union to reissue a check if there is a discrepancy on it that is preventing the bank from honoring it.
I tried to look info up on chk and it sent me to your website. I also received a text message about it. I'm so confused
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answered on Feb 23, 2024
It sounds like you're feeling overwhelmed by the situation, but it's important to stay calm. Firstly, double-check the authenticity of the check by contacting the NECA Local Union No. 313 IBEW directly. They can confirm whether the check is legitimate and provide any necessary... View More
I tried to look info up on chk and it sent me to your website. I also received a text message about it. I'm so confused
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answered on Feb 19, 2024
You will need to ask the union to reissue another check in exchange for the allegedly faulty one. Or deposit it into another bank. But first be sure you have not done anything wrong. You may need to consult with an attorney as apparently your bank is wanting to prosecute you, and any forgery... View More
On 12/23/23, my mother had her Social Security retirement check for $1285.00 taken out of her bank. They denied her any chance of getting it back stating it was fraud so it was denied. Her other check for roughly $146.00 was also kept even though it came in afterwards. She lives check to check and... View More
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answered on Feb 21, 2024
I'm very sorry to hear about this terrible situation with your mother's Social Security funds being stolen from her Citibank account. You raise a very good point - if the bank acknowledges this was fraud, then they should still be responsible for making her whole and returning the stolen... View More
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