[Lmonus]

What's the story with Richmond/Ram? I know Steve Reich is associated with Ram, and I haven't heard good things. But I guess I wasn't around for when funders stayed away from them

1 bounce and they file the COJ and ruin it for everyone else that is in the deal so they are first in line to collect.

[Jess]

1 bounce and they file the COJ and ruin it for everyone else that is in the deal so they are first in line to collect.

This is exactly the issue with COJs which may lead to them being thrown out in court. COJs, which were the topic are an article that Sean post on LinkedIn, are intended to protect funders from fund. Filing a COJ without evidence of fraud (this can include unsuccessful attempts to contact the merchants), takes away due process from the merchant. I think that most funders exhaust all possible options before resorting to filing COJs but like anything it only takes a few bad apples who abuse the process.