Consumer complaint received 2024-03-18 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Repossession — Company explaining amount owed
Company: World Omni Financial Corp.
State: GA

Complaint narrative:
On XXXX Omni Finacial Corp DBA Southeast Toyota was sent a negotiable instrument to process for lawful tender of two properties that was for the benefit of the beneficiary ownership enjoyment as well as instruction letters of how to proceed for payment and where to send the security interest. World Omni Finacial Corp DBA Southeast Toyota has continously committed language and security fraud against my creative creation by knowingly allowing my creation to be sold to the secondary market and soliciting material to third parties according to the Security Exchange Act of 1939 that is in direct agreement with the requirements of the Security Exchange. According to the Security Exchange world Omni is a stock corporation and therefore is the issuer and Southeast is the borrower of note upon my creative creation which violates a lien being on the collateral within Georgia when they are listed as a Registered Delaware Corporation. I in good faith have on several occasions which is more than the law states tried to resolve this matter that has now put me in detriment to losing the enjoyment as beneficiary.

Written communications pursuant to Rule 425 under the security exchange Act. ( 17cfr 230.425 ) Soliciting material pursuit to rule 14a-12 under the Exchange Act ( 17cfr240.14a-12 ) ( pre-approval ) Pre-commencement communications pursuant to Rule 14d-2 ( b ) under the Exchange Act ( 17cfr240 14d-4 ) Pre-commencement communications pursuit to Rule 13c-4 ( c ) under the Exchange Act ( 17cfr 24013c-4 ( c ) securities registered pursuit to section 12 ( b ) of the Act ( communications violation ) 12 USC 411 lawful money and full discharge is demanded for all transactions 12 USC 95a.

Upon me the consumer 's Social Security Number which is an account number according to 15 USC 1602i means the consumer gave an extended line of credit as compensation to their company in exchange for a product or service.

16 CFR 681.1 ( b ) ( 1 ) Account means a continuing relationship established by a person with a financial institution or creditor to obtain a product or service for personal, family, household or business purposes. Account includes : ( i ) An extension of credit, such as the purchase of property or services involving a deferred payment; and ( ii ) A deposit account Definition of letter of credit which means 'full faith and credit '. A definite undertaking that satisfies the requirements of 5-104 by an issuer to a beneficiary at the request or for the account of an applicat or, in the case of a financial institution to itself or for its own account, to honor a documentary presentation by payment or delivery of an item value.

15 USC 44 Documentary evidence includes all documents, papers, correspondence, books of account, and financial and corporate records.

16 CFR 433.1 Definitions 16 CFR 433.2 - Preservation of consumers ' claims and defenses, unfair or deceptive acts or practices 16 CFR 433.3 - Exemption of sellers taking or receiving open end consumer credit contracts before XX/XX/XXXX XXXX U.S. Code 3304 - Transfer fraudulent as to a debt to the United States ( a ) Debt Arising Before Transfer.Except as provided in section 3307, a transfer made or obligation incurred by a debtor is fraudulent as to a debt to the United States which arises before the transfer is made or the obligation is incurred if 28 U.S. Code 3302 - Insolvency ( b ) Presumption. A debtor who is generally not paying debts as they become due is presumed to be insolvent.

15 USC 1681i ( B ) Procedure in case of disputed accuracy These are the reinsertion requirements that the CRA has to follow when allowing an account to be reported by a furnisher of information on your report, especially after admission was accepted when they deleted it prior.

15 U.S. Code 1693n - Criminal liability ( a ) Violations respecting giving of false or inaccurate information, failure to provide information, and failure to comply with provisions of this su
bchapter Whoever knowingly and willfully ( 1 ) gives false or inaccurate information or fails to provide information which he is required to disclose by this subchapter or any regulation issued thereunder; or ( 2 ) otherwise fails to comply with any provision of this subchapter ; shall be fined not more than {$5000.00} or imprisoned not more than one year, or both.

18 U.S. Code 1961 - Definitions ( 1 ) racketeering activity means ( A ) any act or threat involving murder, kidnapping, gambling, arson, robbery, bribery, extortion, dealing in obscene matter, or dealing in a controlled substance or listed chemical ( as defined in section 102 of the Controlled Substances Act ), 3-603. TENDER OF PAYMENT UCC ( a ) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.

( 3 ) Acceleration of debt and restriction of account prohibited. A creditor shall not accelerate any part of the consumer 's indebtedness or restrict or close a consumer 's account solely because the consumer has exercised in good faith rights provided by this section. A creditor may be subject to the forfeiture penalty under 15 U.S.C. 1666 ( e ) for failure to comply with any of the requirements of this section.

15 U.S. Code 1666 - Correction of billing errors ( e ) Effect of noncompliance with requirements by creditor Any creditor who fails to comply with the requirements of this section or section 1666a of this title forfeits any right to collect from the obligor the amount indicated by the obligor under paragraph ( 2 ) of subsection ( a ) of this section, and any finance charges thereon, except that the amount required to be forfeited under this subsection may not exceed {$50.00}

Company response to consumer: Closed with explanation