Consumer complaint received 2023-09-15
Company: UNITED SERVICES AUTOMOBILE ASSOCIATION
State: GA
Product: Mortgage
Sub-product: FHA mortgage
Issue: Closing on a mortgage
Sub-issue: Fees or costs after closing

Complaint:
Myself and most members of my family have been members of USAA Federal Savings Bank my entire life. When I became an adult I opened an account and did active banking with them for years. I recently became interested in moving to XXXX XXXX and called USAA to extend credit to me for a dwelling. I perform professional research of federal laws, regulations, procedures, contracts, etc. Upon reading Regulation B and other relevant sections of the United States Code, I decided to request the transaction pursuant to the provisions of the regulations and other applicable laws as follows : 1. I expressed to the bank that I am an adult, at the sufficient age of 35 years, and competent to contract. 
2. I expressed orally and in writing that I am submitting an application as an endorser, to secure the loan using my own making/issuance of a promissory note to be appraised and acquired as a printed security form of collateral. I expressed that Regulation B as well as the Securities Exchange Act expresses and implies this right throughout. 
XXXX. I expressed that I am not willing to allow USAA to designate my Trustees, or Beneficiaries because I am competent to make those designations myself in the best interest of my estate. 
XXXX. I expressed that I am willing to negotiate the terms of the agreement within reason and requested USAA to also meet me with a reasonable, conscionable agreement to include reasonable consideration for the exchange of value. 
XXXX. I expressed that an adhesion contract must still be conscionable and can not include terms that are non-negotiable while barring me from my right to contract, to trade, to access credit, to fair housing, and to freely dispose my ( investment ) property. 
XXXX. I expressed that it is an act of discrimination to allow me to obligate myself to the repayment of an obligation as a competent adult, but not to allow me to negotiate that same contract as an adult who is at the age of majority and competent to contract. 
XXXX. I expressed that it is an act of discrimination to limit the amount of credit I can access based on the location of the home because I was advised that there is a limit on the amount I could spend on a home. It is located in XXXX XXXX, Ga with a heavy population of people known as XXXX XXXX XXXX ( XXXX XXXX ). 
XXXX. I expressed that it is a federal white collar crime to make any attempt to use an extension of credit to extort real property from a Consumer by attaching a lien without any just cause, reason, or consideration because Consumer law clearly regulates the cost of credit stating that the total cost is equal only to the finance charge. 
XXXX. I expressed that the banks policies do not and can not supersede the law nor my right to negotiate in the best interest of my estate in the credit transaction under trust. 

XXXX XXXX responded by telling me that the banks policies are what they are and they will not negotiate. He advised me that the bank will not allow me to designate my own Trustees and Beneficiaries as they are forcing their own interests in my transaction to lien the real property without any consideration to me or my estate whatsoever. 

He only gave me the option to keep asking them for consideration of my rights to transact under trust as a competent adult. I am willing to resolve this dispute by pledging and/or properly endorsing my note to allow the bank to retain premium interest in the income while I maintain equitable ( principle ) interest as I am performing as an endorsing Agent and not as a surety ( usury ). I am not willing to enter the agreement with no consideration whatsoever. The terms of the agreement offered by USAA Federal savings bank violates all manners of law and order and are repugnant to the Constitution, international law, the Code of Federal Regulations as positive law, and the OCC Interagency Examination Procedures for Fair Housing. 

I also did not express any authorization for USAA Federal Savings Bank to run my credit for this transaction. I submitted an application to endorse my negotiable instrument ( printed/book-entry security ) without real estate collateral involved. There was no discussion about my credit score whatsoever. There was no other reason for them to deny me access to credit so they ran my credit without my permission to justify their denial. This is an illegal attempt to extort real property using an extension of credit which is prohibited by federal law in 18 USC 891-894. It also restrains free trade and my civil rights to contract at the age of majority in the best interest of my estate. 

I would like intervention in this matter as a hardship request for reasonable accommodation as my family is currently in need of adequate housing. I am a reasonable person looking for a reasonable agreement to obtain housing and I am willing to negotiate reasonably with USAA because again, my entire family has federal work history and my parents met in the military. We are members and actual investors in this bank with our securities and our entire lives. We have trusted them with our money and livelihood as we allow them to manage our assets and investments using their accounts. 

We are asking the CFPB to kindly execute their administrative enforcement powers to assert control over this requested transaction as federal law also prohibits a Creditor or any person from restraining trade, from depriving people of their rights under the color of law, avoiding or evading the creation of a taxable event, and discriminating against people on any prohibited basis. I would also like to add that my creditworthiness is evidenced by my right to perform as an endorser and not as a surety. My income capacity is determined by my principle equitable interest in the performance of the note/security as it is traded and exchanged for the benefit of all parties. USAA wants to take all consideration of value for themselves or they have expressed that my family should go elsewhere to find another bank even though we have invested in this bank for several decades across my entire military/federal affiliated family. We are from the XXXX  XXXX area XXXX

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