November 21, 2009
UTNE READER

Proposed Citizens Y2K Financial Protection Act

(Page 3 of 3)

Article Tools
Bookmark and Share

RELATED CONTENT


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.

Page: << Previous 1 | 2 | 3 |

Comments

Add Your Comment

We’d like to know what you think. To comment, please use this form. E-mail addresses are never displayed on comments, but they are required to confirm your comments. First time registrants: You will receive an email confirming your email address. Once you confirm, your comment will be posted. Questions about our comments policy? Click here.

Line breaks and paragraphs are automatically converted — no need to use <p> or <br> tags.

New to Utne Reader?
Sign up to share comments.
Asterisks(*) indicate required fields.
Name*
Your name appears next to your comment.

E-mail Address*
This will be your login ID.

City State Zip Code

Password*


Confirm Password*

Comments
1500 character limit (Offensive materials and/or spam will be removed, no HTML allowed)
Please Note: Your sign-up must be verified via e-mail before your comment is published.


Pay Now & Save $6!
First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here
Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our Earth-Friendly automatic renewal savings plan. You save an additional $6 and get 6 issues of Utne Reader for only $29.95 (USA only).

Or Bill Me Later and pay just $36 for 6 issues of Utne Reader!