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Power of Attorney - 14260_143
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Figure 11-6.-Letter of indebtedness to debt collector in violation of the Fair Debt Collection Practices Act or a state statute.
the death of either the grantor or the grantee, by any time limit  set  by  the  document  itself,  or  by  specific revocation. If you have an outstanding power of attorney that has served its purpose, you should seek its return. Additionally,  if  you  have  an  outstanding  power  of attorney that has been placed in public records and you have any reason to believe that the powers granted might be abused, talk with your legal assistance officer or civilian  attorney  about  obtaining  surrender  of  the original  power  of  attorney  and  entering  a  specific revocation in the proper public records. INDEBTEDNESS The policy of the Department of the Navy is to promote habits of thrift and to encourage all members of the naval service to conduct their financial affairs in such  a  manner  as  to  reflect  credit  upon  the  naval service.   From   inception   to   final   settlement,   the responsibility for an obligation rests solely with the creditor and the debtor. The extent to which COs may cooperate with creditors is limited to administrative referral  of  correspondence  to  the  member.  The  CO should   make   sure   the   member   concerned communicates his or her intentions in the matter to the creditor.  However,  under  the  Fair  Debt  Collection Practices Act (Public Law 95- 109), contact by a debt collector  with  third  parties,  such  as  COs,  for  the purpose  of  aiding  debt  collection  is  prohibited  without prior consent of the debtor or without a court order. The  CO  should  make  sure  members  of  the command have been instructed in the provisions of MILPERSMAN  6210140.  Disinterested  third  party counseling should be made available by each command to  assist  members  with  problems. Thrift is not only a virtue but, for most people, a necessity. The way in which members handle their private  financial  affairs  provides  a  reliable  indication  of their general character and trustworthiness. Before  acceptance  of  any  credit  plan,  members should practice the following: . Evaluate their financial capabilities and set up a budget  that  will  prevent  hopeless  entrapment  in overburdening  and  ever-increasing  debts. l  Consult  with  a  legal  assistance  officer  when contemplating  large  purchases  on  credit  to  avoid commitments that may be difficult or impossible to carry out. . Be wary of the high-pressure salesperson. l Think carefully and seek advice before signing an agreement or contract. Never sign a blank contract and always multiply the number of payments by the amount  to  determine  the  total  payment.  Note particularly the penalty clauses. Failure to pay just debts or repeatedly incurring debts  beyond  a  member’s  ability  to  pay  is  evidence  of irresponsibility  and  may  jeopardize  the  member’s security clearance status, advancement status, duty assignment,  qualification  for  reenlistment  or  extension of enlistment, and in aggravated circumstances may become   grounds   for   disciplinary   action   or administrative  discharge. A savings maybe realized by setting funds aside to provide for cash purchases through civilian military stores. Encourage members to take advantage of the saving, counseling, and lending services provided by credit  unions  organized  by  and  for  Department  of  the Navy  civilian  and  military  personnel. Instruct your members on the use of the Statement of  Full  Disclosure  forms.  Each  member  desiring  to obtain  credit  or  execute  a  loan  should  receive beforehand from the legal assistance officer or other source  of  supply  two  copies  of  the  Certificate  of Compliance  and  Standards  of  Fairness  (one  copy  for each party to the contract). It should be noted that a seller or lender may present the information provided for in the Statement of Full Disclosure form through any different form as most convenient to them as long as all the information is disclosed and a copy provided to the borrower  or  purchaser. Members   who   do   not   seek   or   heed   advice beforehand  or  who  otherwise  encounter  difficulties  in paying their debts should be encouraged to consult with a legal assistance officer as prescribed in the  Manual  of the Judge of Advocate General,  JAGINST  5800.7C. Bankruptcy is not an easy way out of indebtedness. The Navy neither encourages nor discourages the filing of   a   petition   in   bankruptcy.   The   circumstances prompting  bankruptcy  proceedings  are  considered officially  since  they  may  reflect  adversely  on  the military character of the petitioner. A discharge in bankruptcy does not give a member immunity from prosecution for offenses of failure to pay just debts committed  before  a  petition  of  bankruptcy. Upon  receipt  of  an  indebtedness  complaint,  the  CO must make a determination about the creditor. If it is determined that the debt collector is in violation of the Fair Debt Collection Practices Act or a state statute regulating  debt  collection  practices,  the  correspondence 11-18

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