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I purchased 2 retail installment contracts from my friend who sells high end vacuums. He couldn't get them financed so I said I would buy the contracts and take over them. I contacted the customers and informes them of the new assignment. But do I need a special license? I don't want to... View More 
answered on Dec 24, 2016
Check with the California Consumer Affairs Department and your city. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended for solicitation purposes. For specific advice, please... View More
Hello, I am helping someone figure this out, and they are receiving a large sum of money from Iran that is being transferred to the US, via a Dubai wire transfer.
We have found he is required to file the IRS form 3520. Is there any special treasury form or anything similar he is also... View More
answered on Nov 8, 2016
The IRS Form should be sufficient for a gift from a non-resident alien. However, they should obtain proper documents to substantiate the gift, if questioned. If the donor is a US person ( as I find out to be the case every now and then), they must consult an OFAC attorney for compliance with the... View More
Wells Fargo says it does need to be recorded or they will not accept it but we have been using it for 8 years not recorded, with all her other financial institutions
answered on Sep 12, 2016
If it is notorized, then you could record it with the county recorder. Certain acts require the durable power of attorney to be recorded, and even if not required, a financial institution could require that it be recorded in order to honor its terms.
Husband had mortgage with wells fargo. I had an account with them and a credit card. Husband could not afford to make mortgage payment so wells fargo charged me on my credit card for it. This all led to a chain of events with us finally loosing our house and being sent to collection for this.
answered on Aug 11, 2016
Unless you authorized them in your credit card or mortgage agreement to process that payment, then no. Bank contracts sometimes have clauses in them that say you authorize them to make certain payments on your behalf if certain conditions are met. This may be what happened. But you need to make... View More
answered on Aug 4, 2016
None that I know of. Most banks want you to do paperless statements anyway and most people seem to like them for the convenience. If you're talking about a billing dispute of some kind, that might be different in terms of paperwork the bank has to provide you.
I recently retired from the Army (WA) and my Mother (CA) had open heart surgery and could no longer navigate the stairs in her residence. I entered into a business agreement to have a Mobile home purchased/moved and set-up. When my Bank overnight rushed the check to the intended Seller, it was... View More
answered on Dec 29, 2014
Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.
I am sorry to hear about your situation. I read over your description twice, but could not see on what grounds the cashier's check was refused. Why was the seller trying to... View More
answered on Dec 26, 2014
Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.
It seems like you were the victim of a variation of the "Nigerian e-mail" scam. You will likely be liable to your bank for the portion of the fake check amount that you... View More
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