By coverting from a monthly mortgage to a Bi-weekly mortgage and the service is FREE - nothing for the homeowner to purchase. How is my mortgage payment protected with your FREEservice? We all work hard for our money and we want assurance that it's fully protected. We hear in the news everyday stories of "fly-by-night" companies, embezzlement of huge amounts of money, etc.with our bi-weekly mortgage service, your funds are fully protected, insured, and are at absolutely no risk whatsoever.
All bi-weekly mortgage service is done electronically and governed by Regulation "E" of the Federal Reserve System. Regulation "E" is a consumer protection law which regulates the transfer of your funds. In its simplest form, Regulation "E" states; "An account holder has 120 days to contact their bank to reverse any unauthorized electronic debit to their account." This can be verified at your local bank or Federal Reserve location.
Your bi-weekly mortgage payments are also protected by various safe guards to eliminate such illegal activities such as embezzlement. Any fund transfer over $1,000 has to be approved by an officer of the company and NO funds can exceed the maximum amount of any single mortgage we service. Every company employee is covered under a self-insured "employee dishonesty bond" protecting every one of your mortgage payments up to $10,000.
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