First Success At Bank For Redemption

[David Merrill]

Hi All...

I'm very new to all of this and my head feels like it is still spinning with all that I've read here at S2SC. However, I wholeheartedly agree that the remedy found at 12 USC Sub-chapter 411 is the correct way to go.

So, to give my initial success story here, let me briefly set the stage:

I have worked with the "bank" in my local community for over 10 years now...very nice people when I started and with turn-over still nice folks there. Because of this, I went in to meet with one of the Asst. Mgrs. to inquire about my "demand" for lawful money pursuant to Title 12. I didn't feel I needed to ambush the tellers!

I said that I have been doing some research and have found that there are TWO different currency "notes" being used...FRN's and US Notes. However, there wasn't really enough USN's in circulation for me to receive when I cashed my check at his bank. He looked puzzled and said he didn't know about any US Code allowing this and asked if I could bring in a copy for him to review or to send to the bank's legal rep. to look over. I said "fine, will do"! That was last week.

So today, I went in to cash about 6 checks from my clients at the bank and I was armed with 2 copies of Title 12 USC Sub-chapter 411. I met with a different Asst. Mgr. and as I began to describe the process to him, he interrupted and said that he was aware of this type of "Restrictive Endorsement" and said that he would gladly approve this for my check cashing, he would alert and train his tellers in the lobby on how to handle my checks...AND.....wait for it, wait for it...!!! He would be happy to have me "re-sign" my Account Application with words to the effect of..."All Withdrawals and/or Deposits are to be deemed Redeemable In Lawful Money Pursuant to 12 USC, Sub-chapter 411". He was very happy to assist me!!!

Now, I was of course a tad bit nervous because of some to the related stories here of folks being visited by Sheriffs and G-Men wanting to know what they were doing in their bank asking such absurd things...!!! I didn't want any of this type of attention needless to say!

I need some advice from those of you with more experience:

1. I haven't yet signed my new bank Account Application/Signature Card...what EXACT wording should be used on this document?
2. Should I also include "All Rights Reserved"?

Thanks in advance to any responses and constructive thoughts/advice.

Hbert

Not sure about the wording, but I do know if you don't 'reserve your rights' you don't have any....

A stamp like mine will work on the backside of checks. I like my rendition because people can look up the Code on the Internet and it will get them thinking. Sometimes I will even grab $100 - $1's and stamp them all!

Maybe you would share an image of your blank Signature Card? Or even sanitize it for us after you get it filled in?

Interestingly, with me being in the middle or reviving this remedy, I have not heard any of the bad stories. But I know the feeling, I call it conditioning. Sometimes a suitor will sit and wait for a half-hour for the news that everything is good. No, wait! A woman in NY, not a suitor had to strikethrough her paychecks; a single mom working at a pizza shop. - So you can guess how scary that must have been for her!

For people redeeming lawful money or who are thinking of it;

Thanks for this success story!!

It will encourage people that the demand is not the scary part. It is waiting for a Refund on your Withholdings that is the scary part.



This fellow is a banker too.* His story is a little complex, but so is everybody's. This fellow began redeeming lawful money mid-year (2009) and worked back and forth on the Brooklyn Bridge so he had equal state refunds from NY and NJ. He got all three (including federal) but NJ wanted some $1800 back after assessing him themselves based on his employer's reports.

They billed and he opened his LoR and began R4C. As all the LoR's it was dismissed and the billing from the State - actually a quasi-state collection agency continued. So he was waiting to see what would be up - about diverting this year's Refunds. NJ has not reported yet but NY has - first they said:



But then they said:











* By the way. With your experience have you ever had somebody request the bank's treatise? That is the agreement with the OCC and banking authorities. Like a detailed corporate charter to stay approved. Try asking for that sometime! It is about 100 pages in a three-ring binder and allegedly available for any customer to read in the lobby - after about three administrative pow-wows!

Hbert997,

I'm pleased to learn of your success at the bank.

To answer your question, a suitor had framed the following verbiage to ammend or novate bank signature cards, which I've since codified on an ink stamper:

Any deposits or withdrawals, herinafter "Events", are made with the intent to receive or handle lawful money. Events include, but are not limited to, any use of the various types of bank cards for cash withdrawals or for payments. Said events are subject to a superceding DEMAND FOR LAWFUL MONEY with the express intent to redeem any private credit instrument into lawful money pursuant to, albeit absent any benefit from, Title 12 Section 411 of the United States Code.

[Your True Name Signature]

I've also codified the following verbiage on an ink stamper for the handling of cheques:

DEMAND IS MADE FOR LAWFUL MONEY. Any private credit instruments that are supplied in order to meet this demand are redeemed in lawful money pursuant to, albeit absent any benefit from, Title 12 Section 411 of the United States Code.

[Your True Name Signature]

Each stamper has a marking of my signature. I bought the stampers from http://www.thestampmaker.com. This site allows you to design the stamper with preview. You may upload a scanned image of your signature to include on the stamper.

I strongly recommend you buy a stamper. Imagine writing by hand the above verbiage on each document for which the verbiage is appropriate.

Cheers.

[Sovereignty]

Not sure about the wording, but I do know if you don't 'reserve your rights' you don't have any....

[Hbert997]

Hi All...

I'm very new to all of this and my head feels like it is still spinning with all that I've read here at S2SC. However, I wholeheartedly agree that the remedy found at 12 USC Sub-chapter 411 is the correct way to go.

So, to give my initial success story here, let me briefly set the stage:

I have worked with the "bank" in my local community for over 10 years now...very nice people when I started and with turn-over still nice folks there. Because of this, I went in to meet with one of the Asst. Mgrs. to inquire about my "demand" for lawful money pursuant to Title 12. I didn't feel I needed to ambush the tellers!

I said that I have been doing some research and have found that there are TWO different currency "notes" being used...FRN's and US Notes. However, there wasn't really enough USN's in circulation for me to receive when I cashed my check at his bank. He looked puzzled and said he didn't know about any US Code allowing this and asked if I could bring in a copy for him to review or to send to the bank's legal rep. to look over. I said "fine, will do"! That was last week.

So today, I went in to cash about 6 checks from my clients at the bank and I was armed with 2 copies of Title 12 USC Sub-chapter 411. I met with a different Asst. Mgr. and as I began to describe the process to him, he interrupted and said that he was aware of this type of "Restrictive Endorsement" and said that he would gladly approve this for my check cashing, he would alert and train his tellers in the lobby on how to handle my checks...AND.....wait for it, wait for it...!!! He would be happy to have me "re-sign" my Account Application with words to the effect of..."All Withdrawals and/or Deposits are to be deemed Redeemable In Lawful Money Pursuant to 12 USC, Sub-chapter 411". He was very happy to assist me!!!

Now, I was of course a tad bit nervous because of some to the related stories here of folks being visited by Sheriffs and G-Men wanting to know what they were doing in their bank asking such absurd things...!!! I didn't want any of this type of attention needless to say!

I need some advice from those of you with more experience:

1. I haven't yet signed my new bank Account Application/Signature Card...what EXACT wording should be used on this document?
2. Should I also include "All Rights Reserved"?

Thanks in advance to any responses and constructive thoughts/advice.

Hbert