Consumer complaint received 2019-03-22
Company: PENNYMAC LOAN SERVICES, LLC.
State: NV
Product: Debt collection
Sub-product: Mortgage debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt was paid

Complaint:
I, XXXX XXXX XXXX Tendered payment in full amount thereto PennyMac OBO XXXX XXXX on XX/XX/XXXX. It was received on XX/XX/XXXX. I spoke to the remittance department and they said they had received it. The agent stated that it was sent to the wrong department but was forwarded to the Remittance Department and ready to submitted for payment. On XX/XX/XXXX I received a letter From PennyMac written by XXXX XXXX Research Dept. She stated in a letter that the Tender of payment is not an acceptable form of payment or an allowable transfer of property. This is false and someone may need to educate XXXX XXXX of said dept. Base upon law " XXXX the new law sovernmcnt oblieations. bills of exchanse. drofts. notes. trade acceptances. and banker acceptances. Because il is backed by the credit the nation- It wiII represent a mortgage on all the homes. and other property of all the people of the nation '' Senate DocumentNo. 43, 73rd Congress, lst Session, Congressional Record, XXXX XXXX on HR 1491 p.  83. 
The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all, and other public dues. They shall be redeemed at the Treasury Deparhnent of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank. 12 U.S. Code 411 - Issuance to reserve banks ; nature of obligation ; I spoke with XXXX a PennyMac Representative and she said the tender of payment was received and processing allow ten days for such to happen. Please advise the letter from XXXX where is requested the CEO to respond! Therefore you are in default based upon our contract number XXXX. The phone call was recorded as noted on your documents for reference thereto the conversation held on XX/XX/XXXX approximately lpm cst. Penny Mac Corp Correspondence address XXXX, CA, I also noticed an increase in the principle balance totaling {$390000.00}. PennyMac Corp on Behalf of XXXX XXXX you are hereby notified that I do hereby tender payment for the above referenced obligation of debt, and because this debt concerns properly of the United States it is deemed by law and operation of statute to be a govemment obligation and must be handled in accord with the dictates of statute. I XXXX XXXX accept the obligation on behalf of the United States of America and hereby make assignment of the obligation to the United States Treasury Deparfinent on behalf of the United States ofAmerica as  authorized by statute. PennyMac OBO XXXX XXXX, you are to present the item ( remittance coupon ) to the United States Treasury Department or at any Federal Reserve bank to include any Federal Reserve member banks to redeem the value of the obligation. As per the terms of the contract this shall serve as my notice of change in terms of contract, cancelling and or suspending any acceleration penalties and paying the US government debt obligation for value through acceptance pledging an assignment in full. Please accept this Tendered Payment Coupon and or Money Order which is lawful payment and credit my account ASAP, XXXX XXXX [ Account - PENNYMAC CORPORATION / XXXX XXXX 0 Attn : REMITTANCE DEPARTMENT XXXX XXXX XXXX XXXX XXXX, CA [ XXXX ] XXXX GOVERNMENT OBLIGATION 's REMITTANCE COUPON Pay and Pledged to the order of PENNY MAC CORPORATION without recourse . Amount of Obligation : CREDITED XXXX XXXX XXXX ) ( PAYER BY PAR INTENTIONS : The above United States govemment obligations is hereby accepted and acknowledged and I do assign and pledge the total value of the obligation to the United States ofAmerica through d1e United States Departrnent of the Treasury to be redeemed for value and receivable at the Federal Reserve, the Federal Reserve Bank and/or any member bank and/or national Association as prescribed by statute ( the act of XX/XX/XXXX ; the act of XXXX XXXX ; 12 USC 4ll ; l8 USC 8 ; and the intentions of ttre United Stats Congress concerning THE CURRENT SERIOUS NATIONAL EMERGENCY ).

Company response to consumer: Closed with explanation