Consumer complaint received 2025-10-01 00:00:00
Product: Mortgage — FHA mortgage
Issue: Closing on a mortgage — Closing disclosure or other related disclosures
Company: WELLS FARGO & COMPANY
State: SC

Complaint narrative:
WELLS FARGO REBUTTAL XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, SC XXXX XX/XX/year> Wells Fargo Executive Office / Debt Validation Department XXXX XXXX XXXX XXXX XXXX XXXXXXXX Re : Formal Response to Debt Validation Reply Loan Account # XXXX : XXXX XXXX XXXX XXXX XXXX XXXX, SC XXXX XXXX Whom It May Concern : I acknowledge receipt of your reply letter regarding my debt validation demand. The response provided is legally deficient and fails to meet statutory requirements. The following conclusions of law apply : Failure to Produce the Original NoteYour admission that only a copy of the promissory note has been provided confirms non-compliance with UCC 3-301 and UCC 3-309 . A copy is not enforceable evidence of indebtedness. The enforcing party must establish possession of the original, properly endorsed instrument. Claim of confidentiality or proprietary status does not override the borrowers statutory right to inspect the instrument on which the alleged obligation is based.Proof of Claim Required : Produce the original, wet-ink promissory note with endorsements.

Unsupported Claim of Servicer/Owner StatusYour declaration that Wells Fargo Bank , N.A . is servicer and owner of the loan is not proof of claim. Under UCC 3-301, only the person entitled to enforce the instrument may claim ownership. Without production of the endorsed original note and chain of title, the declaration is legally void.Proof of Claim Required : Provide verifiable evidence of holder-in-due-course status, including endorsements and assignments evidencing lawful transfer.

Denial of CompensationYour denial of my compensation demand is contrary to law. Federal escrow statutes mandate full compliance with disclosure and accounting duties : 12 U.S.C. 2609 ( e ) : Annual escrow statement requirement.

12 C.F.R. 1024.17 ( c ) : Obligation to conduct escrow analysis.

12 C.F.R. 1024.17 ( f ) ( 2 ) : Obligation to provide records upon request.Failure to produce the complete Account Master File constitutes a fiduciary breach. Compensation remains due and enforceable.Proof of Claim Required : Provide written evidence that all escrow duties under the above statutes have been satisfied.

Conclusion of Law Wells Fargos response fails to prove lawful holder-in-due-course status.

Wells Fargos refusal to provide the original note violates UCC enforcement provisions.

Wells Fargos denial of compensation ignores statutory fiduciary duties under RESPA and Regulation X.

Non-compliance constitutes ongoing malfeasance and preserves my claim for penalties and remedies, including but not limited to a per diem penalty of three percent ( 3 % ) of the propertys fair market value until compliance.

You are hereby placed on notice to cure the above deficiencies within ten ( 10 ) business days. Failure to do so will result in escalation to the Consumer Financial Protection Bureau ( CFPB ) and judicial enforcement. 

Respectfully, XXXX XXXX XXXX Principal Escrow/Custodial Agreement XXXX XXXX XXXX XXXX XXXX, SC XXXX XXXX : Consumer Financial Protection Bureau XXXX CFPB )

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation