Well Amex declines to answer Securitisation Question

[Desperate Daniella]

Hi Rev.Ian,

 

When was your account first taken out?

 

DD

[rev.ian]

Hi DD

The application was signed 01/04 and approved 01/04

[Hungryforinfo]

Why word it 'securitised program'? It would be very clear if they just confirmed the account had not been securitised. Must be my lack of education!

[Desperate Daniella]

Hi Rev.Ian,

 

I think you should ask them for a notarised statement stating that the account has not been securitised countersigned by their company secretary.

 

I don't understand why they would word it 'securised program' either. Maybe they are playing with words here?

 

DD

[rev.ian]

I think you should ask them for a notarised statement stating that the account has not been securitised countersigned by their company secretary.

 

 

Hi DD, That’s what I had been asking for. Their letter ends

No further assurance will be forthcoming.

Yours sincerely

Anna Edwards

Executive Customer Relations Manager

This is our final response

[Desperate Daniella]

They are very good at saying it's their final response when they don't want to answer perfectly legitimate questions.

 

They sold my account on after their final response so I think I am going to go to the FOS about that and this whole securitisation issue, as well as their faulty DNs.

 

What do you want to do next?

 

DD

[rev.ian]

I guess I should send this for now.

Anna Edwards

Executive Customer Relations Manager

American Express Services

Amex House

Edward Street

Brighton

East Sussex

BN88 1AH

Dear Ms Edwards,

Re. Account number: XXXXXXXXXXX

Securitisation

Thank you for your letter of 11th September 2009, confirming the above account has not been part of a securitised program.

I made a formal request that American Express provide me with proof, in the form of a notarised document, counter signed by the company secretary, that the above account has NOT been securitized.

It is not sufficient to reply that the account has not been securitized; you must prove that it has not been securitized in the above mentioned manor.

I reserve the right to show a copy of this letter to a judge in any future legal proceedings involving the above account.

I look forward to your reply.

Yours sincerely,

[Desperate Daniella]

Great letter, rev.ian, but I think you mean 'manner' not 'manor'. This spelling slip is probably explained by the fact that if we hadn't been paying exorbitant credit card charges for so many years we could probably all have afforded to buy a real manor.

 

DD

[Hungryforinfo]

Can I use CPR31.14 as part of a pre-action protocol to request Amex provide me with proof, in the form of a notarised document, counter signed by the company secretary, that the above account has NOT been securitized and if it has been securitized to confirm which organisational entity was the account securitized through?

[rev.ian]

thank you DD

[Kraken1]

isn't all this notarised document stuff colony-law?

[angry cat]

isn't all this notarised document stuff colony-law?

 

Colony-Law?

 

Notary Public's pre-date the colonies...

 

 

Notaries are still appointed by the Archbishop of Canterbury and are regulated by the Archbishop’s Court of Faculties.

 

AC

[Kraken1]

I thought the uk equivalent was an affidavit, myself. Notarised docs are common and part of the process in the US and are used to formally attest to facts or statements. Not really come across them in the uk though.

[angry cat]

There are approximately 900 Notary Publics in England and Wales that are recorded with the Scriveners Society.

 

It is true that Notary Publics are often used in relation to overseas matters but they are also used for UK to verify facts in relation to Banking and Shipping etc...

 

I have personally used the services of a Notary myself, several times.

 

Kraken, your comment re: the colonies made me smile;

Amex is based in the 'colonies' and bucket loads of toxic debt has been securitized (securitised) from the colonies, through places such as the Cayman Islands, the Channel Islands and The Republic of Ireland (Eire) etc.

 

AC

[Hungryforinfo]

Does anyone know which US law requires the out right sale of debts and where this can be accessed?