GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
769723

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in legal
I had been trying to find a copy of the Uniform Consumer Credit Code (UCCC) which was the Credit Code (Legislation) in effect before the current National Consumer Credit Protection Act (2009) (NCCP) I couldn't find it anywhere on comlaw or AUSTLii under repealed Commonwealth Legislation and was starting to think 'This legislation is an enigma!'. FYI - Any 'loans' / credit applied for before April 2010 was under the UCCC. Upon Denise's suggestion (thank you for that) I contacted the Consumer Credit Legal Service (CCLWA) and was advised by CCLWA that the UCCC federal legislation was based up on the Queensland Consumer Credit Code - Appendix to the Consumer Credit (Queensland) Act 1994 - now repealed. No wonder I couldn't find it!! The UCCC is the legislation under which the states and territories previously regulated consumer credit. From 1 July 2010, the UCCC was replaced by the National Credit Code...
Last modified on
Recent Comments - Show all comments
  • Denise
    Denise says #
    Very well researched Portabello. We have some powerful minds in our group. Thank you and will compare in earnest [email protected]
  • doyla66
    doyla66 says #
    May I strongly urge any of you that have loans taken out prior to 2009, to download a copy of the UCCC and related comparison tabl
  • doyla66
    doyla66 says #
    Thanks Portabello this is so useful.
  • doyla66
    doyla66 says #
    Relevant NCCP(sec77)mirrors former UCCC(Qld)1994 sec.70(2)(l)--whether at the time the contract, mortgage or guarantee was entered
  • doyla66
    doyla66 says #
    Thank you heaps for posting those links.
Hits: 6964 5 Comments
Rate this blog entry:
Continue reading

Posted by on in Consumer Protection Disaster
Many of you have probably heard on this forum that 'nobody can profit from a fraud', but where did that concept originate from? Clearly, it makes common sense when you hear it but did you realise that it is a legal maxim dating back to Roman Law that was later incorporated into English Common Law and still prevails today, in the shift to a greater level of statutory law? The original Roman legal maxim was as follows: Ex turpi causa non oritur actio = "from a dishonorable cause an action does not arise" is a legal doctrine which states that a claimant will be unable to pursue a cause of action if it arises in connection with his own illegal act. Particularly relevant in the law of contract, tort and trusts,[1] ex turpi causa is also known as the "illegality defence", since a defendant may plead that even though, for instance, he broke...
Last modified on
Recent Comments - Show all comments
  • doyla66
    doyla66 says #
    Much appreciated. Also it was a general comment & whilst I was doing my own[case] research material, otherwise a senior barrister'
  • doyla66
    doyla66 says #
    I guess you could tie the two together; Ex turpi causa non oritur actio with res judicata? Thoughts?
  • doyla66
    doyla66 says #
    Thanks Andy, although we need to be concerned more with how this can be applied in the Australian legal framework. I guess res jud
  • doyla66
    doyla66 says #
    Sorry, did not qualify corollary (distracted at time doing other blog)> ING started action whilst FOS complaint was 'on-foot' & co
  • doyla66
    doyla66 says #
    res judicata [Latin, A thing adjudged.] A rule that a final judgment on the merits by a court having jurisdiction is conclusive b
Hits: 2699 5 Comments
Rate this blog entry:
Continue reading
Hi All, We've been involved in a foreclosure matter for some time now that has been brought against us by GEL Custodians (rights assigned to Pepper Australia). In the process of researching our defense some months ago, we came across this excellent Youtube channel belonging to US (NY) lawyer, Carl Person. While Mr Person's information is based upon US and particularly NY law, there are many similarities and very interesting strategies that are discussed that we think could potentially be adapted with a little effort to work here in Australia. I do not mean in any way for this post or the related information provided by Mr Carl Person on Youtube to be considered to be 'legal advice' of any form; this information is provided simply for educational purposes with a view to providing some strategies that may not have been previously considered by people facing foreclosure in Australia. Any information...
Last modified on
Hits: 1583 0 Comments
Rate this blog entry:
Continue reading