Consumer complaint received 2022-07-23
Company: AMERICAN HONDA FINANCE CORP
State: VA
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Problems at the end of the loan or lease
Sub-issue: Unable to receive car title or other problem after the loan is paid off

Complaint:
Let the record reflect, that I, : XXXX XXXX XXXX, the consumer in a credit transaction with American Honda XXXX XXXX XXXX Acura XXXX XXXXXXXX XXXX come with clean hands and in good faith to exercise my Right to Rescind a transaction with American Honda XXXX XXXX XXXX Acura XXXX  XXXX for their violations against my consumer rights. I rescinded my transaction with American Honda XXXX XXXX ; Acura of XXXX on XX/XX/2022 for the following reasons : 1 ) American Honda XXXX XXXX failed to clearly and conspicuously provide me with the documents needed to rescind. I never received a delivery in the mailing or electronic form with my consent informing me of my right of rescission. Pursuant to 12 CFR 1026.23 ( b ) 2 ) No notice was on a separate document that identifies the transaction, along with failure to clearly and conspicuously disclose how to exercise the right to rescind, with a form for that purpose, the effects of rescission, and the date the rescission period expires. Pursuant to 12 CFR 1026.23 ( b ) ( 1 ) 3 ) Because the required notice or material disclosures were not delivered, the right to rescind shall expire 3 years after consummation, upon transfer of all of the consumer 's interest in the property, or upon sale of the property, whichever occurs first. Pursuant to 12 CFR 1026.23 ( a ) ( 3 ) 4 ) Since this contract was not clear and conspicuously in writing, in a form that I, the consumer may keep. 12 CFR Part 1026.17 ( a ) 5 ) They also failed to explain to me, the consumer, the extension of credit being done while having me sign a contract without further explanation of my rights. 

Notice of my Rescission was sent and received by XXXX XXXX XXXX XXXX & XXXX XXXX XXXX of American Honda XXXX XXXX XXXX XXXX Acura XXXX XXXXXXXX on XX/XX/XXXX, XXXX ( USPS tracking number XXXX. ) Same notice was sent to the following corporations as well.. XXXX XXXX XXXX XXXX XXXX, received XX/XX/XXXX, XXXX ( USPS tracking number ( XXXX ), and financial institution, American Honda Finance Corp. XXXX received by XXXX XXXX XXXX and XXXX XXXX XXXX XXXX XX/XX/XXXX, XXXX ( USPS tracking number XXXX ). 

As a courtesy for the opportunity to cure, I sent a 2nd notice to the same individuals and corporations mentioned above, still no response. 

As of today XX/XX/2022, American Honda XXXX XXXX XXXX XXXX Acura XXXX XXXX has failed to meet the following demands listed due to their violation to my consumer rights and is now at fault. 
1 ) The return of all my property including my original credit application along with my title for my vehicle ( vin # XXXX ) in which I am keeping due to impracticable and inequitable practices. I have tendered what I perceive to be the value by assigning American Honda XXXX XXXX XXXX XXXX fiduciary to extinguish the debt via Form 56, see 1026.15 ( d ) ( 3 ).

In pursuant to 12 CFR 1026.23 ( d ) ( 1 ) which states, within 20 calendar days after receipt of a notice of rescission, the creditor shall return any money or property that has been given to anyone in connection with the transaction. 

2 ) Cancellation and termination of the security interest that has risen from this transaction, pursuant to 12 CFR 1026.23 ( d ) ( 1 ). 

XXXX ) Release the alleged loan that was put on my name since I did not apply for a loan, instead I applied for the extension of my own credit. I never made a loan application, I made a credit application. 

If demands are not met with American Honda XXXX XXXX XXXX XXXX Acura XXXX XXXX XXXX according to CFPB response guidelines, I will be forced to seek legal action due to the clear violation of my consumer rights pursuant to 12 CFR PART 1026 ( Regulation Z ). See attached for all original documentation that was sent to the dealer, financial institution, and both registered agents. 
Along with my complaint placed with CFPB, I also have sent in all copies of original documents and have notified the Federal Trade Commission along with the Attorney General.

Company response to consumer: Closed with explanation