Under current law, whether a note is a security depends on whether the note looks like a security and has a maturity date over 9 months.
The Credit Agreement Payoff or CAP Security Instruments are registered securities that all banks have accepted to pay off debt and look like any other Security in form with a maturity date over 9 months.
Also, the CAP Security Instrument is processed by a State Licensed Financial Documents Processor, DG Processing Enterprise. In general, under the federal Securities Acts, promissory notes are defined as securities, but promissory notes with a maturity of 9 months or less are not securities. Think about it…
Each Processed Credit Agreement Debt Payoff, Security, CAP Security, at Cancel1Mortgage.info are Registered State Licensed Processed Credit Agreement Payoff Negotiable Security Instruments used as money, similar to FRN Dollars; Mortgage Promissory NOTES; Mortgage Debt Lien Securities; and Auto Financing Credit Applications, credit cards, student loan credit applications, etc… Everything including money is based on your credit signature… 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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