Jump to content

Restrictive Endorsement


Recommended Posts

Can someone tell me if I can use a restrictive endorsement on a creditor who I send payment to in AZ would work if I am in Texas and my Bank is in Texas, and Texas is one of the states that recognizes a Restrictive Endorsement but AZ does not.

Link to comment
Share on other sites

Good question. There are a couple of issues. If you had to sue to enforce the "agreement" does the creditor have a registered agent in your state? If not I believe you would have to sue them in their state, AZ, and then it might not be enforcable. Also the creditor may have specific language in their agreement with you that pre-empts them from having to adhere to it unless agreed to in writing by an officer. An attorney has to answer this one.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.