Thanks for the good chuckle!
A suitor is looking for a fairly small loan to invest in an Ice Box or two. You know, plugged in out front of convenience stores to buy ice blocks and cubes. Well, they wanted to see his tax returns and then they became curious about the "lawful money redemption".
The suitor called me for any advisement I might have handy. I suggested he send three things, just to show that he knows what he is doing.
- Title 12 USC 411
- Title 31 USC 5115
- Report found at "Fed Assets Current"
These might have been provided from uscode.house.gov but he gathered the pdf printouts and attached them with this report, pointing out Footnote 2, like I often do.
The attorneys requested a deeper explanation why he does it that way. Still keeping it simple, I suggested, "To avoid any tax liability." And he had the idea of including his recent W-4 Form that says EXEMPT from withholdings.
Maybe we will know tomorrow or by Monday. A comment made is that they are going to approve the loan but are hoping for a more thorough explanation about redeeming lawful money sometime soon.