Consumer complaint received 2023-04-25
Company: LOBEL FINANCIAL CORPORATION
State: CA
Product: Debt collection
Sub-product: I do not know
Issue: Took or threatened to take negative or legal action
Sub-issue: Seized or attempted to seize your property

Complaint:
They have not responded and have my property and promissory note turned into a security. My signature created the credit and I never received a loan. They are double dipping and improperly reporting the tax as well as identity left. They have caused me great harm and have not lost anything nor did they give consideration which is required for a valid contract.

To whom it may concern : LOBEL FINANCIAL XXXX XXXX XXXX XXXX. 
XXXX, California XXXX RE : Right of Rescission Notice to agent is notice to principle. Notice to principle is notice to agent. 



I, XXXX XXXX XXXX, Original Creditor and Natural Man hereby rescind my consent to be liable or compelled to perform on to the contract and agreement I entered with LOBEL FINANCIAL XX/XX/2020. 

I entered into this contract agreement with LOBEL FINANCIAL without : Full disclosure of my right to rescind Transparency regarding the process of the consumer credit application being the financial asset ( 12 CFR 360.6 ( 2 ) ) ; As well as self-liquidating paper ( 17 CFR 260.11b ( 6 ) ). 
I have reason to believe that LOBEL FINANCIAL willingly and knowingly took advantage of me and my consumer credit. 

I am NOT terminating or canceling this contract, I am deducting my liability to pay on behalf of the obligor, as I have found several violations and fraud. Notice that Pursuant to 15 U.S. Code 1635 ( b ) : upon receipt of this rescission, I am not liable for any finance charge or other charge. Any security interest given by the obligor, including any such interest arising by operation of law, becomes void upon such a rescission. 

In addition, I was given false and deceptive information, as I was informed that a down payment of {$3500.00} was needed for me to drive off the lot. Notice that Pursuant to 15 U.S. Code 1635 : Within 10 ( ten ) days after receipt of a notice of rescission, the creditor shall return to the obligor any money or property given as earnest money, down payment, or otherwise, and shall take any action necessary or appropriate to reflect the termination of any security interest created under the transaction. Pursuant to 15 USC 1605 ( a ) : the amount of a finance charge in connection with any consumer credit transaction shall be determined as the sum of all charges. 

Furthermore, the down payment reimbursement of {$3500.00} + principle and interest as well as the return of property and release of title. 















RE : Affidavit of Truth This Rescission notice is made Pursuant to 15 U.S. Code 1635 ( a ), as I was never given full disclosure about my right to rescind the agreement. Neither was I given the notice that comes along with all consumer credit transactions. Furthermore, you LOBEL FINANCIAL failed to clearly & conspicuously disclose all of my rights as a consumer including but not limited to my right of rescission. 

I, participated in a consumer credit transaction and not a loan ; Pursuant to 15 U.S. Code 1602 ( i ) ; Take further notice that Pursuant to 15 U.S. Code 1605, the finance charge in connection with any consumer credit transaction shall be determined as the sum of all charges, which was never disclosed to me by your organization in direct violation of this law. 

You LOBEL FINANCIAL also accepted a CASH down payment of {$3500.00} violating 15 U.S. Code 1605 which clearly states : The finance charge does not include charges of a type payable in a comparable cash transaction.

Pursuant to 15 U.S. Code 1611 ( 1 ) ( 3 ) ; one can be fined up to {$5000.00} or face imprisonment for up to one year, or both, for giving false or inaccurate information or fails to provide information which he is required to disclose. In this case you, LOBEL FINANCIAL, willfully violated this law when you failed to disclose and provide all information clearly to me as a consumer. 

Notice that Pursuant to 15 U.S. Code 1635 ( b ) : upon receipt of this rescission, I am not liable for any finance charge or other charge, and any security interest becomes void effective immediately. 

Take further notice that 10 ( ten ) days after your receipt of this notice, you must return any money and property given as earnest money, down payment, or otherwise. Also, you shall take any action necessary or appropriate to reflect the termination of any security interest created under the transaction and placed on the property which in this case is a Your theft of my property twice now and the great harm it has caused me is a violation of multiple laws and morality. 

Will be filling irs forms to begin a full forensic audit of the account. As well as notifying the SEC, SOS, FDIC, DOJ, OCC, CFPB, DFPI, to start. I will also report to the USPS and XXXX  for mail fraud. 

Your failure to comply with this rescission will result in civil liability for fraud Pursuant to 15 U.S. Code 1640

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation