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  • My AFV Success

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    Nat Williams
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    This document discusses an attempt to use an "Accepted for Value" (AFV) process on a bank overdraft of less than $300. The individual scratched out the overdraft amount and entered $5,000 instead on a bank statement coupon. They then sent forms such as a 1099-A and 1099-B to the bank to convey that the bank's asset was loaned and a barter exchange occurred for the higher amount. The individual discusses strategies for "perfecting their records" and enforcing the agreement, suggesting contacting the IRS, OCC, or using GSA forms if the bank does not honor the process.

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    This document discusses an attempt to use an "Accepted for Value" (AFV) process on a bank overdraft of less than $300. The individual scratched out the overdraft amount and entered $5,000 instead on a bank statement coupon. They then sent forms such as a 1099-A and 1099-B to the bank to convey that the bank's asset was loaned and a barter exchange occurred for the higher amount. The individual discusses strategies for "perfecting their records" and enforcing the agreement, suggesting contacting the IRS, OCC, or using GSA forms if the bank does not honor the process.

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    1K views5 pages

    My AFV Success

    Uploaded by

    Nat Williams
    This document discusses an attempt to use an "Accepted for Value" (AFV) process on a bank overdraft of less than $300. The individual scratched out the overdraft amount and entered $5,000 instead on a bank statement coupon. They then sent forms such as a 1099-A and 1099-B to the bank to convey that the bank's asset was loaned and a barter exchange occurred for the higher amount. The individual discusses strategies for "perfecting their records" and enforcing the agreement, suggesting contacting the IRS, OCC, or using GSA forms if the bank does not honor the process.

    Copyright:

    © All Rights Reserved
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    of 5

    This is the AFV process that I am currently doing on my bank account that went into over

    draft. Currently it is less than $300


    $300 into the private (negative
    (negative or left of zero).
    zero). I’ve scratched
    scratched
    out that figure and entered 5000. The charges were presented
    presented on a full page statement, so I
     generated the coupon
    coupon by making a mirror image (photocopy) of of the statement before
    before I stamped
    stamped
    the original with the AFV stamp, but after I scratched out the charge and entered the amount
    that I authorize the creation
    creation of, so it will reflect on the new coupon.
    coupon. Also to be noted is that I
    absent mindedly put my AFV stamp in a box like this.

    ACCEPTED FOR VALUE


    RETURNED FOR VALUE
    Date; 7/7/09_ Exemption# F12345678__
    At$ 5,000.00_ By;_ _______
    (red stamp, blue pen)
    I didn’t pick up on the box till after the fact, but it might add another dimension as both
    Winston and Jack have discussed the concept of “anything
    “anything that is in 4 corners, a box, or
    brackets really isn’t there”.
    there”. However, thus far I haven’t received
    received my instrument back yet, so
    contract law dictates ACCEPTANCE.
    Below is a redacted cover
    cover letter that I sent to the bank. The red pragraph was used for
    this case, but was omitted
    omitted on a different process. Below is the 1099-A as I have submitted it,
    and the 1099-B as I will submit when they arrive. Since I initiated the process,
    process, I’ve received
    new offers to pay and abandon my payment already made by an unknowing department of the
    bank separate from the CFO.
    CFO. The language used in the new offer suggested that the other
     party didn’t have a clue. After the tax forms, will be the CAFV I sent to the unknowing
    department, and I restructured
    restructured the agreement
    agreement I sent to the CFO. The reaon I will restructure
    it was because I changed the terms for a charitable reason and that really isn’t anyones
    business except God, me and CFO.
    CFO. But if I did not deside to go this route, then this would be
    the exact language I’d use.

    1099-A conveys that the asset “issued” by the “issuer/LENDER” was loaned to the
    BORROWER,
    BORROWER , and box 5 conveys that the BORROWER is not liable to pay back the “issue”. We
    presume that our contracts will be honored so we act accordingly.
    1099-B conveys that the voluntary conveyance of the “issued asset” is a prepaid barter
    exchange. Value is tendered for equal exchange of goods and services whatever they may be.
    Our record will now reflect by way of a triple witness that we have given value and honor to the
    private contractual agreement by way of Notary Presentment, 2 or 3 IRS forms issued under the
    penalties of perjury, and the lack of rebuttal to any of the above facts in the record. So the fact that
    the issuance of a valuable instrument was tendered, received, and due to the fact that it/they
    was/were notnot returned immediately
    immediately REFUSED FOR CAUSE, they they are thus ACCEPTED! So now the
    parties to the private contract are in full agreement by way of actions, as they speak ever so louder
    than words, that true value has been exchanged. The only thing left to do now is to fulfill the agreed
    upon terms of the contract.
    Of course the mere fact that we, the box 2 Certificate of Live Birth people have offered to step
    in on behalf of the MAN OF STRAW, we have just made a “novation” in that we’ve offered to assume
    the role of “liable party” to the contract a.k.a. “surety and underwriter”. The original parties to the
    contract do have the right to refuse the novation, however the simple fact that we have already
    proved by way of “the record” that the CFO has “accepted the novation” by not returning the
    instrument that was “issued for value”. So now that the MAN OF STRAW has been released from the
    contract by way of the CoLB/surety novation offer, it is just me and the CFO.
    However, the CFO may have another department or agency issue an offer to me in the name
    of the MAN OF STRAW, as they cannot see me, to abandon my claim on the already existing agreed
    upon private contract. I can either go in to dishonor and abandon my claim and release the CFO from
    the obligation to settle, or I can accept the new offer, conditionally, upon they providing me “proof of
    claim” why I should do that. This part can last indefinitely, and unless one is willing to give them a
    real run for their money, it may be wise to consider another remedy b/c let’s face it, they have way
    more gas to throw than you or I do.
    The key as I see it is to perfect our “ records”  with regards to our process and timing of it all.
    Get certified copies of everything, keep all green cards safe, and everything in an orderly fashion. I
    am not totally clear on enforcement strategies, but I do know that getting the IRS CID corrected filings
    and/or 3949-A, Office of the Comptroller of Currency (OCC) read sec. 46 of the Nation Currency Act ,
    and American Bankers association (ABA) read the ABA Policy involved will be usefull in securing
    performance on their end. And if they absolutely will not perform, I can see the GSA forms coming in
    handy to extract the property back

    Certified Mail No. 1111 2222 3333 4444 5555

    From: Jack Inda: Box


    in care of;
    JACK INDA BOX
    1234 ½ West Butter Street
    Scranton, PA. 12345

    To: Happy Harry


    Chief Financial Officer for;
    Benn Security Bank & Trust
    000 North Washington Avenue
    Scranton, PA. 54321

    Subject: Private Acceptance of Contractual Offer

    Dear Mr. Harry, July 7, 2009

    Please find enclosed my Acceptance of your presentment in the sum of $5,000.00, and the coupon
    generated therefrom. You may process the instruments through my private exemption via your ACH Terminal
    to settle it, and credit the proceeds therefrom to Checking Account No. 87654321 for the benefit of the account
    holder JACK INDA BOX, or its agent(s). Also approved for deductions from the proceeds from this
    transaction is up to $500.00 for the expenses Benn Security Bank & Trust or its agent(s) should incur to
    facilitate this transaction. As soon as three (3) days, but no later than ten (10) days after the date of reception
    evidenced by the USPS return receipt, Form 1099-A will go out to the proper recipients to evidence this private
    agreement.

    If you have any questions or concerns with regard to this matter, please forward all private
    correspondences to me in care of the person named on the account.
    I thank you for your time and attention to this matter.

    Yours truly,

    By:_________________________________
    Jack Inda: Box, Agent
    Certified Mail No. 1111 2222 3333 4444 5555

    FROM: Jack Inda: Box


    Agent and Authorized Representative of;
    JACK INDA BOX
    in care of
    Eazy E Notary
     NOTARY PUBLIC
    1234 Got’chur Back Street
    Youknow, MD. 12345

    TO: Patricia Don’tknow


    Deposit Operations
    Benn Security Bank & Trust
    000 North Washington Avenue
    Scranton, PA. 54321

    Attention; Patricia Don’tknow

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