Proposed Citizens Y2K Financial Protection Act
(Page 3 of 3)
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David C. Cole The Cassandra Project
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3. The prohibition of such enforcement of obligations, shall apply
particularly, but not exclusively to, mortgages, contracts,
landlord tenant relations, consumer credit obligations, utilities
and banking transactions.
4. No enforcement shall resume until said obligor has a reasonable
time after the full restoration of the ability to regularly receive
and dispense necessary financial transactions relative to such
obligations.
5. This law shall not affect those transactions upon which such
default has occurred prior to any such disruption of financial or
data transfer operations upon either party, from whatever source or
case such disruption has occurred.
6. This law shall not dissolve but shall only suspend the
enforcement of such obligations.
7. This law shall prohibit the negative entry to any credit
reporting agency, which operates in [this state], in whole or in
part, of any negative credit information which is due in whole or
in part to the disruption of the otherwise proper processing of
financial responsibilities and information, or the inability of the
consumer to cause payments to be made to creditors where such
inability is due in whole or in part to the disruption or otherwise
malfunctioning of computer processing, banking or other related
matters.
8. This law shall remain in effect until December 31, 2006 or such
other extensions as approved by this legislative body.
9. All other laws to the contrary, notwithstanding where in the
Code of Laws they shall appear, are hereby amended to comply with
this law.
By: David C. Cole, ESQ
Atlanta, GA
For:
The Cassandra Project
PO Box 8
Louisville, CO 80027
(303) 664-5227
Permission granted to reproduce.
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