GLBA, FERPA, NPRA and others.

Discussion in 'Credit Talk' started by bbauer, Nov 25, 2001.

  1. bbauer

    bbauer Banned

    On a slightly different vein, Westcap sent me his wording for the restricted endorsement check that he has promised to provide us with.
    Thanks Westcap.

    Cashing of this check represents
    payment in full to whom this check
    was issued. By cashing this check
    creditor and/or his assignee
    (collection agency, etc also agree
    to remove any derogatory credit it
    has previously reported regarding
    this account e.g. (slo pays, prls,
    judgements, reposessions,
    collecitons, etc) from all credit
    bureaus within 10 days from the
    cashing of this item. This agreement
    shall superceede all previous
    contracts between the parties.
    void if rights reserved.

    He sent it worded in all caps, but it
    may be necessary to use mixed
    case in order to meet the size requirements
    set forth by the government for endorsements
     

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