Legal Tender Money Existence and Status
I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept Federal Reserve Dollar currency notes in denominations of $20 or smaller. Isn’t this illegal?
To answer your question, the Coinage Act of 1965, specifically Section 31 U.S.C. §5103, entitled “Legal tender,” which states: “United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks national banks are legal tender for all debts, public charges, taxes, and dues.” Legally Registered and Certified Private Bankers from PBNBA.com are Creditors, Bankers, Lenders, and National Banks pursuant to TITLE 31 U.S.C. §5312. The legal tender includes CAP Security Instruments at www.Cancel1Mortgage.info..
This statute means that all United States money as identified above are a valid and legal offer or legal tender of payment for all debts incurred by the American people as in Public Law 73-10, Chapter 48 Stat §112 and Section 95a of the War Powers Act when tendered to a creditor, bank, or Holder in due course. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods and/or services. They can accept barter and Negotiable CAP Security Instruments also as payment.
Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. All incorporated Private Businesses deal with and are in the Public, so it is illegal for banks, lenders, or creditors to demand that you pay in FRN Government Military Script Bogus Fiat Dollars; bank checks; money orders; escrow check money, or credit cards as payment for any debt or mortgage pursuant to Title 31 U.S.C. §5118(d)(2), 31 U.S.C.§463, and Public Law and Public Policy 97-258. Think about it..
Each Processed Credit Agreement Debt Payoff, Security at Cancel1Mortgage.info are Registered State Licensed Processed Credit Agreement Payoff Negotiable Security Instruments, similar to FRN Dollars; Mortgage Promissory NOTES; Mortgage Debt Lien Securities; and Auto Financing Credit Applications, etc. .. CAP Security Instruments are also used as money but for debt payoff similar to bank created money, debt, and loans that create debts.. Banks actually verify and accept the CAP Security to pay off mortgages and other bank or finance debts; the maturity date is over 9 months which qualifies the CAP Security as Bank Verified money and legal tender with no interest payments; NOT Capital Gains Taxable; are notarized; are registered securities pursuant to SEC Law; pays bank claimed debt, and meets all Negotiable Instrument laws.
I am NOT an Attorney and do NOT practice Law, but I have attended many court cases, conducted countless interviews with Banksters, Attorneys, Law, and COURT officials in my 17 years of research to uncover banking fraud facts, that are in my client instructions that guarantee you win your court case..
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