Can The Code of Federal Regulations Be Used To Force Acceptance Of Promissory Notes
Some students have discussed how 31 CFR § 328.5 to 328.6 speaks on "forms of endorsement" and a potential to reimburse creditors and lenders with these endorsements. This is possible only if the lender first accepted the "same form" of a promissory note previously, if not, they are allowed to deny one's offer. Further, even if a lender did accept a similar-formed promissory note previously, proving it in court would then become the student's primary objective; however, only mortgage documents hold enough proof regarding this promissory note conversion taking place.