- Bank: Your bank may no longer own or possess your original loan agreement!
- By Scott Cundill
- 01/09/2013 Make a Comment
- Contributed by: Raymond ( 3 articles in 2013 )
Following SABC3′s national exposure of bank corruption, every person in South Africa should do the following as quickly as possible:
Why are you doing this? Because the banks have been involved in some very dodgy dealings behind our backs (see here: https://www.newera.org.za/special-assignment-has-again-blown-the-lid-on-corrupt-south-african-banks-and-their-lawyers/). This information is critical to you and your rights.
THE NEW ECONOMIC RIGHTS ALLIANCE
- Email your bank and request your original, wet-ink signature loan agreement. This applies to any and all loans you may have.
- Ask your bank to give you confirmation in writing i) that they are the true owner of the agreement and ii) that they physically have it in their possession.
- They may email you a scanned document stamped “original” – but this is NOT the original. Do not be fooled by their tricks.
- They may also write back to you with complicated legal jargon to avoid doing what you ask. Be careful – they must specifically state that they own and possess your original wet ink signature agreement. This is very important.
- (Optional, but recommended) Enforce your right to physically inspect the original document at the bank.
- If they agree, go to your bank and inspect both sides of the documents. Look for any strange stamps or writing. Take photographs.
- If they refuse, then please wait for NewERA to collect more evidence before our next move.
- Please inform NewERA what happened and share your experience with others here: https://www.facebook.com/NewEconomicRightsAlliance.
- Note: just because they have your agreement, it does not mean that everything is above board.
- Finally, please sign our petition here: https://news.newera.org.za/bf.php?fid=1339.
Why are you doing this? Because the banks have been involved in some very dodgy dealings behind our backs (see here: https://www.newera.org.za/special-assignment-has-again-blown-the-lid-on-corrupt-south-african-banks-and-their-lawyers/). This information is critical to you and your rights.
THE NEW ECONOMIC RIGHTS ALLIANCE
Source: https://www.newera.org.za/your-bank-may-no-longer-own-or-possess-your-original-loan-agreement/
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