Consumer complaint received 2024-02-17 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Problem when making payments — Problem during payment process
Company: SYNCHRONY FINANCIAL
State: MS

Complaint narrative:
I sent a Negotiable Instrument, Promissory Note No. : XXXX dated XX/XX/XXXX made out to Synchrony Bank/ PayPal for account ending in RE : Account # XXXX XXXX XXXX XXXX and Acct # XXXX XXXX XXXX XXXX for {$10000.00} to the above referenced account TO APPLY TO PRINCIPLE. It was sent on XX/XX/XXXX and received on XX/XX/XXXX. It was received and sent back without trying to send it through the Treasury. There was no signature on the back. They should know how to deal with the public and private. It had a letter that stated This is not an acceptable form of payment. There was a Supreme Court XXXX that stated that companies can not dictate what is legal tender and allowed a man to pay in coffee beans. They also rejected a Negotiable Instrument I sent for {$25000.00}. 
This is a violation According to Public Law 73-10 of HJR-192 and 31 USC 5118 strictly forbids banks and lenders from demanding any specific form of payment. All banks must process lawful US currency. Failure to do so is interference in commerce and a felony under the RICO Act. In 1933 all money was converted into negotiable instruments such as Federal Reserve Notes, bonds, promissory notes, treasury notes, certificates of deposits, bills, cheques, drafts and cancelled stamps.

Under UCC 3-603. TENDER OF PAYMENT. 
( 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. 
( b ) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates. 
( c ) If tender of payment of an amount due on an instrument is made to a person entitled to enforce the instrument, the obligation of the obligor to pay interest after the due date on the amount tendered is discharged. If presentment is required with respect to an instrument and the obligor is able and ready to pay on the due date at every place of payment stated in the instrument, the obligor is deemed to have made tender of payment on the due date to the person entitled to enforce the instrument.

Pay attention to UCC 3-603 ( b ) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.

Returning the Negotiable Instrument is a violation under UCC 3-604. DISCHARGE BY CANCELLATION OR RENUNCIATION.

( a ) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument ( i ) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the party 's signature, or the addition of words to the instrument indicating discharge, or ( ii ) by agreeing not to sue or otherwise renouncing rights against the party by a signed record.

Synchrony Bank is breaking this law as well as other forms of securities fraud but this is the one I will address. I am giving the CFPB a chance to hold them accountable. I am opting out of Arbitration under 15 U.S. Code 6802 ( b ). If the CFPB will not hold them accountable because they are another Government agency that is being paid by Corporate America, I will be forced to send them a JS-44 for and start the Federal Court process . I know they are committing several types of Securities Fraud and we can address all of them in that setting.

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