Consumer complaint received 2021-11-09
Company: World Omni Financial Corp.
State: OH
Product: Debt collection
Sub-product: Auto debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Seized or attempted to seize your property

Complaint:
I the natural person and consumer purchased a XXXX XXXX XXXX  in XX/XX/XXXX at stone mountain toyota in georgia for personal, family, and household purposes using my open end consumer credit plan and negotiable instrument chattel paper. Upon purchasing the vehicle I was supposed to receive a purchase money loan in exchange for the finance charge pursaunt to regulation Z in 16 cfr 433.1 ( D ). I never received the proceeds that federal law says I was supposed to, nor title to my property. This company never gave me full disclosure of forms that were required as defined in the truth in lending act. The finance company and dealer ship both used unfair and prohibited practices to defraud me. They coerced me out of my chattel paper, violated the FCRA, FDCPA, and engaging in securities fraud. After I gave my chattel paper ( that they turned into a deceptive form ) for the vehicle the deal was complete as stated on page 3 section 2 ( c ) of the agreement stating " THIS SECURES PAYMENT OF ALL YOU OWE ON THIS CONTRACT. IT ALSO SECURES YOUR OTHER AGREEMENTS IN THIS CONTRACT. '' By stating that I was under the impression that I owed nothing else to no one, and if I was wrong that is fault on the dealer and alleged lender for knowingly and willfully keeping information from me which is a another federal violation of the FDCPA. After that was done the dealer began to commit aggravated identity theft by unlawfully transferring, possesses, and used, without lawful authority, a means of identification of another person ( myself ) to this financial institution. They sold this contract to this institution to coerce me the consumer into believing I was responsible for repaying this debt when in fact 18 usc 8 says that its the obligation of the united states. The false and deceptive agreement state the the seller assigns its intrest over to the financial institution to give them the false sense of interest in the property. I never paid south east toyota finance due to the fact that there is no lawful way of paying them and regulation z says that the creditor ( if thats what they are ) lends purchase money or finances the sale of goods or services to consumers on a deferred payment basis so it wasnt clear as to what else was I paying, when i was to pay, and in what form of payment. They company them began sending monthly remittance slips that was beyond difficult for me to deposit and or properly endorse. Due to the in ability to deposit them they began to unlawfully report negative information to the consumer reporting agencies violating the FCRA and FDCPA. After a few months I made a call to this company ( SOUTH EAST TOYOTA ) on XX/XX/XXXX at roughly XXXX XXXX  and recorded the call and I demanded a cease and desist be placed on this account and the rep said that they would do such. I heard nothing back from them via phone, email, or warning in the mail that they were about to unlawfully violate me and seize my property violating 15 usc 1692e ( 4 ). This company then sent a order to Relentless recovery to steal my property which they stole XX/XX/XXXX on or about XXXX from XXXX XXXX XXXX XXXX XXXX  XXXX XXXX OH XXXX. On XX/XX/XXXX at XXXX XXXX  ( complaint number XXXX ) I submitted a CFPB complaint for both Relentless recovery and this company with a right of rescission, a copy of the agreement, the playback of the call where i demanded a cease and desist XX/XX/XXXX. I sent a letter of intent to sue to the unauthorized third party repossession company on the XXXX, and I sent a revocation of power of attorney and revocation of security intrest on XX/XX/XXXX to south east toyota finance signed and notarized over night to XXXX XXXX and one of the locations in XXXX Alabama that was received slightly past XXXX XX/XX/XXXX. ( Tracking number XXXX XXXX XXXX XXXX XXXX ). I then called and spoke to multiple reps ( on my recorded line that I informed them about ) that acknowledged receiving the documents. The reps I spoke with was XXXX XXXX, XXXX XXXX, XXXX XXXX, and XXXX XXXX and I informed them all that I demand my property back and I informed them of the code of federal regulation they were violating and they basically told me Im not getting my property back until I pay them with us currency ( federal reserve notes ). Today is XX/XX/XXXX I am the consumer in fact and I have been in fact violated. This company has now as of today XX/XX/XXXX has had my car sent to an auction to be sold so they can continue to abuse me and attempt to make me pay for a debt that pursuant to federal law they cant say I the consumer owe any debt. The car is currently at XXXX XXXX  ( XXXX ) XXXX XXXX XXXX XXXX XXXX, XXXX, OH XXXX. I the consumer and administrator in fact pursuant to 15 usc 1692c ( D ) have documentary evidence and have reason to believe and do so believe that this organization and persons is committing federal violations and crimes under the rico act. I seek to have this company found guilty of Racketeering pursuant to 18 usc 1962, fraud by wire 18 usc 1343, bank fraud 18 usc 1344, 18 usc 1341 frauds and swindles, Regulation z violation, 12 cfr 1006 through 12 crr 1006.100, securities fraud and antitrust violations.

Company response to consumer: Closed with explanation