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A Judgment Nullifies 20-Year Life Insurance Linked To A Hipoteca

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The Court of First Instance of Zaragoza has issued a ruling, a pioneer in the Aragonese community and one of the first in all of Spain, which cancels the 20-year life insurance and payment protection that Banco Sabadell had contracted to an individual when signing the mortgage.

According to the ruling, the financial institution imposed the advance payment of the premiums for a total amount of 23,068.38 euros, as well as the financing thereof, so that it increased the mortgage loan by 19,450.70 euros. Both aspects are annulled in the judgment, which obliges Banco Sabadell to return around 20,000 euros to the client.

The lawyer of Constitución Abogados and legal advisor of the Association of Insurance Mediators of Zaragoza, José Luís Carrera, who has directed the case, has explained that “the life insurance premium consumed is reduced to the market price, according to offers that we present, and the difference will be returned to the customer “. In addition, it has added that the interest paid for the financed part of the premium will also be returned to the client, as well as the payment protection insurance premium and the financed part of it.

“It has been a common practice not only in Banco Sabadell but in numerous financial institutions and it should serve to sanction banks for imposing this type of very long-term insurance. The imposition of such long-term insurance is an abusive practice, according to the judge, with which the bank intends to prevent the client from taking out insurance with companies that do not belong to the financial institution itself, “the lawyer stated.

The ruling indicates that the imposition of 20-year insurance with payment of a single financed premium clearly benefits the bank and its business group, by obtaining interest on the premium, in addition to guaranteeing a duration of 20 years that makes it impossible for the insured to withdraw. that, in addition, he could have obtained much more advantageous conditions by having taken out insurance, especially life insurance, with other companies.

In this sense, the sentence partially annuls the mortgage clause although it does not cancel the bonus. “The interpretation given by the judge is that the bonus should be applied equally with policies from other providers and, in addition, it condemns the bank to pay the costs of the judicial process,” says the lawyer.

“The imposition of insurance of such a long duration is an abusive practice, according to the judge, with which the bank tries to prevent the client from taking out insurance with companies that do not belong to the financial institution itself”, explains José Luís Carrera, who Remember that clients have the right to take out insurance with the company of their choice and the prohibition that real estate credit contracts impose products such as home insurance, life or payment protection in exchange for bonuses on the mortgage.

As a result of this pioneering ruling, the General Council of Associations of Insurance Mediators has approached the General Directorate of Insurance to qualify this practice as “malpractice”, which would lead to a review of mortgages and insurance.

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Florida News

Florida Congressman Supports ‘Natural Immunity Is Real Act’ – Latest Push Opposing Vaccine Mandates

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Florida Congressman Daniel Webster has co-sponsored a bill — called Natural Immunity is Real Act — introduced by Tennessee Congresswoman Diana Harshbarger. The bill is the latest push against vaccine mandates by federal health officials as it requires federal agencies to take into account naturally acquired immunity from previous COVID-19 infections when issuing any rules or regulations aimed at protecting from the deadly virus.

Photo Credits: unsplash.com

What is Natural Immunity Is Real Act?

A group of House Republicans launched the Natural Immunity is Real Act on Monday, Click Orlando reported.

According to Webster, he is supporting the bill because peer-reviewed studies and federal health experts acknowledged that those who have recovered from COVID-19 have natural immunity protection.

Webster also said that the bill is just a way of saying that there are other options for protecting the people against the virus than just the vaccine.

The Florida Congressman also said that though he endorses and supports the COVID-19 vaccines, he is openly against vaccine mandates and federal regulators must accept other protections from the virus.

“This is not anti-vaccine, [it’s] just a realization that there are other things going on out there and we have to accept there are other immunities from having the disease,” he was cited as saying by the outlet.

Members Of Medical Community Oppose The Bill

Pediatric pulmonologist Dr. Akinyemi Ajayi expressed his disagreement over the bill.

“Here is the problem with the whole natural immunity argument, and it’s the fact that quite frankly today none of us can look you in the eye if you have not been infected with COVID at all and say if you get COVID it will be a mild infection you don’t have to worry about it,” Ajayi said.

Ajayi added that even though some natural immunity protections are developed from a repeat infection, it is unclear how long the protection lasts. He believes that there is provable way to identify natural immunity.

The bill introduced, however, does not include details of how the natural immunity will be identified.

The Natural Immunity Is Real Act has already been introduced in the senate, the same week that Florida Gov. Ron DeSantis announced a request for a special session over vaccine mandates.

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Florida News

Florida Man Faces $50 Daily Fine Over Hanging ‘Trump Won’ Banner Outside His Home

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A Florida man faces a $50 daily fine for displaying a banner outside his home that reads “Trump has won,” a reference to the former Republican President Donald Trump.

Photo Credits: flickr.com

Plans to Place ‘Let’s Go Brandon’ Banner

Part-time resident Marvin Peavy will be charged by the Walton County, Florida, a $50 daily fine beginning on Oct. 25 if he doesn’t take down the banner from outside of his home, Newsweek reported.

Peavy said he also plans to install a banner that says “Let’s Go Brandon,” which is a phrase the conservatives have mixed with “F*ck you, Joe Biden,” — a clear insult to President Joe Biden.

According to the county, the part-time resident’s banner violates signage regulation in Peavy’s home at the 30A scenic corridor. The corridor is also a part of a beachside route, famous for its natural beauty.

As per the county’s legal code, political signages must be removed 15 days after political campaigns conclude.

Further, Peavy’s banner, according to county officials, also violates a section of the code prohibiting homes from putting up “(s)treamers, feather flags, pennants, ribbons, spinners and other similar devices” that might undermine the corridor’s natural beauty.

According to Northwest Florida Daily News, Peavy has no plans of taking the banner down, saying that he can easily pay the fine and others offered to pay it on his behalf.

But his attorney told Charles Cronin, Walton County Code Enforcement Officer, that Peavy knows of the violation and would take the banner down soon, the report said.

Peavy Defends Himself: ‘How Many Trumps Do You Know?’

The display of the banner is to annoy “seaside liberals” and “the 1 percent leftists,” Peavy was quoted as saying by Newsweek. Peavy has also claimed that the banner may indicate Trump’s self-proclaimed golfing championships and not the recent election.

He also stated that the banner may refer to others, not the former president, asking, “How many Trumps do you know?” The banner is also “just a statement” for Peavy, and “not political,” the report said.

He is set to sue the county for breaching his First Amendment Right.

Peavy’s Financial Support To Trump During 2020 Election

Back in the 2020 campaign season, Peavy had donated more than $9,000 to different Trump and Republican-related groups, according to the records from the Federal Election Commission.

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Florida News

Florida Gov. DeSantis Threatens Biden Administration With Lawsuit Over COVID-19 Vaccine Mandate

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Florida Governor Ron DeSantis has threatened to sue the Biden administration over the COVID-19 vaccine mandate.

His comments came during a press conference Thursday on the monoclonal antibody treatments that he worked on to have it more accessible in the state.

DeSantis: I Think Mandate Is Going To Lose In Court 

At the press conference, DeSantis said that he thinks that the mandate is going to lose in court. He added that Florida would contest any such mandate from the Biden administration “immediately,” and that any lawsuits from the state would be filed in the 11th U.S. Circuit Court of Appeals, Fox News reported.

The governor also stated that the state would fight “immediately” any mandates of such that would be given by the Biden administration. He also added that any lawsuit from Florida would be filed in the 11th U.S. Circuit Court of Appeals.

Governor Ron DeSantis Photo Credits: Flickr.com

“We think the state of Florida has standing to do it…We also know businesses that we’re going to work with to contest it,” the governor said.

DeSantis also mentioned that the state has a responsibility at a state level to do anything to protect its constituents from mandates that would affect them such as losing their jobs.

DeSantis Vs Biden

De Santis and President Joe Biden have different stand regarding vaccine and mask mandates. The latter, soon after taking office, issued a mask mandate on federal grounds while DeSantis banned mask mandates in the state of Florida.

In the previous month, Biden had announced that all businesses that have over At a hundred workers would have to vaccinate their employees or conduct weekly testing. The announcement included the mandate that employers must pay their employees for the time they spent off work getting the vaccine and recovering from any side effects.

Vaccination Rates In The U.S.

The country has already administered 407 million doses of COVID-19 vaccines. Currently, 189 million or about 57% are fully vaccinated while nearly 218 million or 66% have received their first dose of the COVID-19 vaccine.

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