TIP: Click on subject to list as thread! ANSI
echo: consumer_report
to: WES LEATHEROCK
from: JOE NICHOLSON
date: 1997-12-25 22:22:00
subject: Associates National Bank

 -=> Quoting Wes Leatherock to Don Dellmann <=-
 DD> In some states the postmark on your envelope is the date that
 DD> the debt must be considered paid.
 WL> Since the card is issued by the Associates National Bank of
 WL> Wilmington, Delaware, it is unlikely state law would govern this.
 It very LIKELY that state law governs all transactions within
 a state.
 If a company does business with a resident of the State of X,
 it obeys the laws of the State of X.  That is why the interest
 rates shown on credit card applications vary so much.  That is
 why life, auto and home insurance policies vary so much from
 state to state.
 WL> There was an attempt a year or so ago to adopt federal legislation
 WL> to this effect.  It failed because of the intolerable burden it
 WL> would place on companies
 WHAT burden?  It works for the IRS tax deadline in April.  And
 the IRS handles millions, not thousands, of tax returns.
 WL> What state has such a law?  While generally I am in favor of
 WL> anything protecting the consumer, this makes such an onerous
 WL> demand on the creditor that it appears unreasonable.
 
 WHAT demand?  Postmark dates work for the Department of Motor
 Vehicles in California, and it handles thousands and thousand
 of vehicle renewals every day.
                               
 BTW, I was taught by a postal inspector in class in 1965 that
 this was already the law of the land (well, California at least).
... Firefighters are always in heat.    
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