Consumer complaint received 2024-02-09
Product: Money transfer, virtual currency, or money service — Domestic (US) money transfer
Issue: Fraud or scam — 
Company: AMERICAN HONDA FINANCE CORP (TX)

I am filing a complaint with the CFPB against AMERICAN HONDA FINANCE CORP regarding a Registered Security that was sent on XX/XX/XXXX registered mail number ( XXXX ) to their indenture trustee XXXX XXXX with XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. The delivery and acceptance of my Registered Security was confirmed by the UNITED STATES POSTAL SERVICES on XX/XX/XXXX. My package contained my Registered Security with cancelled postage stamps, a letter of instruction, and a 1099 C ( copy A and B ). After several weeks passed, I did not receive any communication notifying me of processing my securities nor return of the security if they could not complete the process. 



Section 5.6 Notices to Indenture Trustee, Issuer and Securities Intermediary. All demands, notices, communications and instructions upon or to the Issuer, the Secured Party or the Securities Intermediary under this Agreement shall be in writing, personally delivered, mailed by certified mail, return receipt requested, or delivered by facsimile or electronically by email ( if an email address is provided ), and shall be deemed to have been duly given upon receipt ( a ) in the case of the Issuer, to Honda Auto Receivables XXXX, c/o XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Attention XXXX Asset Backed Securities Unit Honda Auto Receivables XXXX XXXX with a copy to American Honda Finance Corporation, XXXX XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Attention : Manager, Treasury Capital Markets ; ( b ) in the case of the Indenture Trustee, to XXXX XXXX XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX XXXX, XXXX XXXX XXXX XXXX XXXX ( facsimile no. ( XXXX ) XXXX ) ( email : XXXX ), Attention : Corporate Trust Services Honda Auto Receivables XXXX ; and ( c ) in the case of the Securities Intermediary XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX facsimile no. ( XXXX ) XXXX ) ( email : XXXX ), Attention : XXXX XXXX ; or, as to each of the foregoing, at such other address as shall be designated by written notice to the other parties. 



After giving the indenture trustee over a month of having my registered security, I reached out via phone and email regarding confirmation of receipt. As of XX/XX/XXXX, I, the principal, has not received email, written notification, nor has payment been tendered, and the principal 's securities have not been returned. Indenture Trustee/Paying Agent has defaulted. 



American Honda Finance Corp is profiting off my securities, while denying me redemption of my securities. 



Violation of SECURITIES ACT OF 1933.

SEC. 2. ( a ) DEFINITIONS. When used in this title, unless the context otherwise requires ( 1 ) The term security means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation.

Honda Motor Co., Ltd is a publicly traded company who by their own admission states that they securitize assets receivable, sell to investors, and then trade those securities on the secondary market. So how can they profit from my security but deny me access to the benefits when I am the Grantor, Investor and Beneficiary.

I can provide proof of the attempts made to reach Hondas Indenture Trustee, upon request.