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#31:

Lender interest and fee limits

Banks and all other lenders, can no longer charge interest rates and fees (including all fees, penalties, interest, costs, of all types) cannot exceed/charge to a consumer, collectively, more than equating to a lone 19% APR, in any status of the debt/not including legal fees and legal costs.

This will commence 1 year after the passing of this legislation. Whistleblowers are eligible to collect monies, and can be any person, victim, and or employee. The Bank or lender that violates this legislation shall be fined $20,000 for each offense, plus costs, legal costs, and any and all associated fees, The offender shall have any and all assets frozen all fines/fees/costs are paid, these fines and fees against the offender is not eligible to be discharged in bankruptcy, or any other manner, there is no statute of limitations, there are no bank accounts, monies, property, retirement accounts, trust funds, or other that can be protected, as all these accounts are subject to be frozen/seized/sold if necessary, until such time as all fines, fees, costs, legal and other, are fully satisfied. The offender(s) qualified immunity (if such person was/is a government employee/elected official/appointee) is stripped, without exception, for violating this legislation. The offender shall have any and all assets frozen, all fines/fees/legal fees, other costs, shall be paid by the offender. The offender will either be payroll deducted/garnished if still employed/and all assets shall be frozen until the whistleblowers monies are paid in full/if applicable, also, these fines and fees against the offender is not eligible to be discharged in bankruptcy, or any other manner, there is no statute of limitations, there are no bank accounts, monies, property, retirement accounts, trust funds, or other property or accounts that can be protected, as all these accounts are subject to be frozen/seized/sold if necessary, until such time as all fines, fees, costs, legal and other, are fully satisfied. The government/tax payers shall not pay for the legal defense of the person alleged to have violated this legislation. Any attorney working for or representing the government shall not be permitted to represent the person(s)(government employee/elected official/appointee) accused of violating this legislation.  This action can be brought in local, State, and or Federal court, of the relevant region, for enforceable court action. A small claims court, shall now have an exception for these whistleblower type cases as included/defined herein, to expand the limit to $200,000, including all costs/fees/ legal fees/interest/penalties/ damages/etc…whereby a whistleblower could have their matter heard. All small claim whistleblower matters shall be heard, in 4 months or less for the trial. Whistleblowers receive their 50% of the monies/as it comes in/half is continually diverted to the whistleblower. If the (whistleblower and or plaintiff loses – the whistleblower is only at risk if they were the sole plaintiff/if the whistleblower was not the sole plaintiff/the solely direct injured party/then the whistleblower has qualified immunity protection from all costs, fees, of any sort, in any capacity), the defendant and or government employee (herein defendant) fully prevails by judicial verdict/is victorious/found not to be liable in any capacity, by a judge’s order and verdict/jury verdict, then the defendant is entitled to be awarded all of their legal fees, costs, and all eligible awards and monies that they were facing/at risk to pay/in this legislation/and, the judge shall be eligible to award these monies to the defendant/and, fine these costs upon the Plaintiff. (government employee only)  The government may reimburse solely the government employee’s legal fees/legal fees only/nothing else of any sort, so long as the government employee prevailed by judicial verdict as described herein. The Plaintiff in this same scenario/if the judicial verdict is in favor of the government employee/the plaintiff would face all the same collectability risk(these monies/debts/ shall not be dischargeable in bankruptcy, all bank accounts and pensions are subject to being seized and or garnished, etc…). The onus for the defendant to prevail, to be awarded monies, is a burden of proof upon the government employee, therefore a verdict/decision, signed by a judge, declaring that the defendant/government employee was absolutely free of all liability/wrong doing, is required for the defendant to be eligible to be awarded and collect monies. Any form of settlement, does not meet this threshold for any award of monies on either side beyond the terms and conditions agreed upon in the executed settlement agreement. In the event that any superior law, or superior court allows banks to charge more than 19% as described herein, then there will be a 99.9 percent tax on all interest and fees that exceed the equivalent of an APR of 19%, including the factoring in of all fees, charges, etc….except attorney fees and court costs which would be applicable only upon the commencement and subject to, a lawsuit.

What do you think?

Is it fair that a bank can charge you a 19% or greater interest rate on a loan, but if you tried to loan someone money at a 19% interest rate, you would be jailed for usury/loan sharking?

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