What's proper validation?
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Posted by WHATEVER
(24.204.61.55) on October 22, 2003 at 13:34:11:
So, What DOES constitute "validation" of debt? If all they send is the orginal creditor's name, etc.... that doesn't validate anything, does it? Don't they have to produce a contract ... something with a signature that binds a person to the alleged liability? They CAN'T validate it with a signature, (it's a CA, not the original debtor).... Does anyone have ANYthing that can prove that a cc is a negotiable instrument? It HAS to be, because a person had to SIGN a promissory note in order to receive a cc. Then it must be signed, too, to validate it. You also agree to pay a set amount each month when you use the cc. This makes it a negotiable instrument. The UCC governs all banking. So how does one prove it?
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