Consumer complaint received 2021-05-04
Company: VERITAS FUNDING, LLC
State: UT
Product: Debt collection
Sub-product: Mortgage debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Seized or attempted to seize your property

Complaint:
I rescinded a my mortgage loan after the lender refused to remedy material disclosures ( the fees associated with my mortgage XXXX they above what the law allows, in the timeframe allowed to them by law. 
There were several Truth In Lending Act violations regarding the material disclosures associated with my mortgage.

These material disclosures were in sections A and B of both the Loan Estimate ( s ) and the Closing Disclosure ( s ).

The Truth In Lending Act requires a lender review and cure all tolerance violations within 60 days of consummation of the loan. Further, law requires the lender cure any Truth In Lending Act tolerance violations prior to the borrower bringing it to their attention. 
This lender 's first tolerance cure check, left uncashed, was issued 492 days after consummation of the transaction, as defined by signing of the binding agreement ( s ). 
This lender 's second tolerance cure check, left uncashed, was issued 787 days after the consummation of the transaction, as defined by signing of the binding agreement ( s ). 
I rescinded the loan after the lender 's first unlawful cure attempt and before their second unlawful cure attempt. 
There is no mortgage, yet this lender has filed for foreclosure on my home with the intent to sell it. The lender did not unwind the transaction, rather they hired a law firm to entice me into a settlement agreement. When that failed, they hired another law firm to foreclose on my home. 
Both law firms were advised of the rescission delivered to this lender in XX/XX/XXXX. 
It is unlawful to collect on a debt that doesn't exist. 
This is my 3rd complaint to the CFBP about this lender, in each phase of the progression of the issue. Once complaining about the origination the loan. The second complained about servicing of the loan. And finally this last complaint about collecting a debt that does not exist. I know the Truth In Lending Act very well. I know the Real Estate Settlement Procedures Act very well. I know the Truth In Lending Act and the Real Estate Settlement Procedures Integrated Disclosure ( TRID ) rules very well. And, while this transaction was originated in the Optional Compliance phase between the XXXX implementation and XXXX compliance dates, the material disclosures would have been out of compliance for both. 
This final straw of recording a default letter on my home, and attempting to move forward with a non-judicial foreclosure, is CFPB complaint worthy. I will have to take them to court for all of this and am nearly ready to file in Federal Court. 
It is a shame that, as a consumer, I have taken every step available within these agencies that have been set up to " Protect '' consumers. Both on the State Level as well as the National Level.

Next will be Federal Court and filing a complaint with my local Attorney General. 

To the Lender : You have been given EVERY opportunity to do the right thing. You have not acted in good faith and are the reason that portals like this one even exist. Please take a moment to reflect and make the lawful decision this time.

Company response to consumer: Closed with explanation