Redemption at BofA

[profit j]

I got arrested and charged, for depositing a (BOFA) closed account check, into a dealerships operating account, I endorsed with with 12usc411 and it immediately credited to their account. I was arrested on 6-14-2011 and on 6-14-2012 Bank of America titles and leins the car.


I just got out of prison....I also signed the indictment "accepted for value returned for value for set-off, settlement and closure""without recourse" And two DA's signed also. They forced me to trial.....and refused to charge the jury on 12usc411...... I have a certified copy of the indictment......

Anybody have any ideas to liqudate my assets I created to use for collateral?????

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[allodial]

I got arrested and charged, for depositing a (BOFA) closed account check, into a dealerships operating account, I endorsed with with 12usc411 and it immediately credited to their account. I was arrested on 6-14-2011 and on 6-14-2012 Bank of America titles and leins the car.'

The problem with drawing on a closed account is the new Sale of Check Laws and such since early 2000s. The main problem is that its a demand on the bank that they expect you to know the balance is insufficient so they presume that you intended to draw on the account. But in plain speak, the bank will take it as a draw on the bank with you deliberately intending to do so without covering the overdraft since the account is closed. Now on the other hand:

1. a closed account being used as a payable-through account to tap an account at another financial institution or to tap some non-DDA account at a bank ... that might be another thing;
2. indemnifying the bank against your charges ahead of time--you know like working out some kind of arrangement for directing those charges somehow so they can get resolved.

The closed account can be used for offset--but the key is that there needs to be something owed by the bank to the drawer to set off against. Without somewhere to divert the charges, the last surety of record would be who they would come after.

Now, the problem I've come across with US banks that can make them dangerous is the bank branch managers who really doesn't know anything about their job and who might create charges such as fraud out of their arses just because they saw it on television without really any sense or clue about what they are talking about and sadly the cops might come anyway presuming the bank branch manager is a trained professional rather than a poseur--and if that isn't bad enough they might get brownie points with their bosses over falsely accusing you. In other words, U.S. banks can be dangers because of their staff lacking knowledge (clueless people that aim to get a sense of reward out of seeing someone else punished over their distorted sense of reality). I have come across bank branch manager who boasted of a decade or more of experience but who didn't know that bearer and cash are the same.

Also: Paying vs Cashing Checks

[patrickzhen13]

Thanks for the useful information. I recently applied at Bank of America and got approved. Fortunately, rewards credit cards allow you to earn points on everyday purchases and redeem them for the rewards you want most. Apparently, Bank of America recently released a brand new card that rewards people for reducing debt. The BankAmericard Better Balance Rewards card incentivizes cardholders for paying their regular bills promptly and for throwing in a little more over their minimum charge.