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Douglas Petrie of Hasbrouck Heights, New Jersey has outdone himself with this howler website from Via Trust Inc about

Finding The Right (Structured Settlement) Broker

"Selling the settlement may seem very tempting and you may think about finding a good purchaser structured settlement. If you need expert guidance and wish to sell in a hassle free manner you may do so by hiring an experienced structured settlement broker. He has to be registered with the Department of Justice and has to be registered in one American State. He must be registered with at least a minimum of one insurance company. He must also be insured against errors and omissions. You may compare the rates charged and service offered by various brokers before selecting one of them.
You have to be careful while selecting a structured settlement broker. He has to be someone who is trustworthy. You need to be sure that he will help you secure a reliable buyer who will give you the right value for your settlement"

Comments:

1. A structured settlement broker is an individual possessing specific expertise, and one or more state insurance licenses, who places structured settlement annuities, or other "qualified funding assets" when a structured settlement is part of the resolution of a claim or litigation. Most active structured settlement brokers are members of the National Structured Settlement Trade Association (NSSTA).
2. A structured settlement broker DOES NOT have to be registered with the Department of Justice
3. A structured settlement broker who is on the Department of Justice list of structured settlement brokers will be required to sign a Structured Settlement Broker Declaration. Such list is simply a resource for United States' Attorneys to draw upon to satisfy its structured settlement consulting and placement needs.
4. A structured settlement broker does not have to be registered in one American state. A structured settlement broker generally possesses a valid license to sell life insurance in at least the state of solicitation and his/her home state. He or she may be appointed with one or more life insurance companies. A corporate entity may need to be registered to do business with the Secretary of State where it solicits business in addition to holding a valid insurance license.
5. The Department of Justice consistently and successfully fights attempts to factor structured settlements entered into by the United States.
6. Counseling concerning alternative sources of cash is not limited to structured settlement brokers or structured settlement brokers with the qualifications set forth by Via Trust, Inc.

Ergo, Petrie and the "Via Chumps" are this week's visitors to Structured Settlement Aper's Pillory where it's teh case of monkey see monkey do, but in this case it's NOT flattering!

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