Product: Credit card

This is a request of Recoupment, XXXX XXXX XXXX the creator of the promissory note that was signed, XXXX XXXX XXXX XXXX and others are using it, XXXX XXXX XXXX XXXX & XXXX IS requesting RE-COUPMENT means XXXX XXXX XXXX TRUST want our property back or have the account set off. Recoupment in practice is a counterclaim in a civil procedure. That is how one does a RE-COUPMENT. XXXX XXXX XXXX XXXX XXXX TRUSTEE understand that there is an arbitration agreement in place. XXXX XXXX XXXX TRUST has not filed a counterclaim on the grounds as of yet, to recoupment as 1099c has been filed by XXXX XXXX XXXX XXXX AND ASSIGNESS to set off debt. XXXX XXXX XXXX TRUST can use the financial liability of the accounting ledger to offset the financial asset we have the right to do that. But you have the right to do that if you are the creditor on the liability side and the bank or lending institution is the debtor on the liability side. XXXX XXXX XXXX give a bank a promissory note to XXXX XXXX XXXX XXXX XXXX and XXXX XXXX XXXX XXXX is required to give you a cash receipt. XXXX XXXX XXXX XXXX owes XXXX XXXX XXXX XXXX money under a RE-COUPMENT or asset. XXXX XXXX XXXX took both receipts back on each promissory note, XXXX XXXX XXXX XXXX never give monies back. This is called an offset in accounting, but in the XXXX it is called a RE-COUPMENT. XXXX XXXX XXXX is asking in defense in RE-COUPMENT under UCC 3-305, and a claim under 3-306, you have a possessory and property claim against the cash proceeds under the liability side of the ledger. UCC 3-306, there can not be a holder in due course on a promissory note. Under Title 12 USC 1813 ( L ) ( 1 ) when you deposit a promissory note, it becomes a cash item. It becomes the equivalent of cash because I have a cash receipt. I talked to XXXX XXXX, one the heads of the XXXX XXXX. He has been a government witness in court cases regarding XXXX. NOTED : XXXX XXXX XXXX is the creditor on the payables side of the ledger. XXXX XXXX XXXX XXXX owes XXXX XXXX XXXX XXXX. XXXX XXXX XXXX is bringing up RE-COUPMENT and Request collection on the receivables. Under civil rule XXXX, XXXX XXXX XXXX XXXX XXXX XXXX has a right to bring a mandatory counterclaim, which is based on the same transaction. Under the rules XXXX XXXX XXXX XXXX XXXX XXXX does not waived it and not ignorant of the rules. So, in XXXX XXXX XXXX XXXX XXXX TTEE Request for recoupment in the request non-response. XXXX XXXX XXXX XXXX puts in admissions that they admitted by non-response. Please respond so we have no dilemma or affidavit of a lost note or destroyed instrument. Under UCC 3-309 you have to show four elements to claim a lost instrument : 1 ) you were in possession at the time it was lost ; 2 ) you have the right of enforcement of the note ; 3 ) you have to show that the obligor on the note is indemnified by you against and future claims ; 4 ) the loss was not due to a transfer. XXXX XXXX XXXX XXXXXXXX is not applying the correct accounting entries under XXXX XXXX XXXX XXXX XXXX XXXX is treating both account as a trade receivable through securitization as an off-balance sheet financing technique. Since XXXX XXXX XXXX XXXXXXXX  has accepted both of the instrument that I have tendered, XXXX XXXX XXXX has a claim or processionary right in the instrument and its proceeds under 3-306 of the UCC. Any defense and any claim in RE-COUPMENT under section 3-305 of the UCC, which I shall exercise at my option, if XXXX XXXX XXXX XXXX  does not credit my account. The XXXX will identify who the principal is from, which capital and interest were taken, and who the recipient or who the payer of the funds are, and who is holding the account.