Consumer complaint received 2025-02-27 00:00:00
Product: Debt collection — Auto debt
Issue: Took or threatened to take negative or legal action — Seized or attempted to seize your property
Company: TRUIST FINANCIAL CORPORATION
State: FL

Complaint narrative:
In the Truth In Lending Disclosure that was given to me, the APR and Finance Charge are grossly inaccurate. If the disclosed APR is correct then the disclosed Finance Charge is understated : or if the disclosed Finance Charge is correct then the disclosed APR is overstated. In either case, the error is far outside allowed tolerances. Calculating the APR by hand and not using a software program, the APR should've been 2.87 percent instead of 5.29 percent and the Finance Charge was actually XXXX instead of the quoted XXXX. The amount financed was XXXX over 84 months. Monthly payment of XXXX. If this transaction was closed then the lender committed a crime and if the transaction has not closed then I have been deceived by the Lender and I rescind the contract. I can provide a copy of the contract and my calculations of the APR and Finance Charge using the Disclosure 's data, but with the numbers above a regulatory agent can use the APR formula to calculate accurate numbers as I did. Their fraud and misrepresentation was intentional.

Also, the lender stole my private property even though they had no legal right due to the contract that was signed with XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. There was no perfected security. I have a lien on the vehicle and title in my state. Lender and the dealership used false and misleading representation to obtain that contract. There was no legal power of attorney documents, even though they were acting as a power of attorney. There was no notary nor two witnesses. Their security interest in the Note, Title, and vehicle was revoked as long with their fraudulent Power of Attorney. Also, the Note was endorsed with " Pay To The Order '' To Truist and one was sent to XXXX. The Bills of Exchange were also endorsed " Pay To The Order '' To Truist which were also stolen.

The debt was securitized and sold yet they are still trying to enforce collection without being the Beneficial Owner. That's a violation of the Fair Debt Collection Practices Act. 
They also violated in Federal Reserve Act in trying to use a car as collateral when the Note was the only legal collateral. They violated UCC 3-603 by refusing to accept legal tender, a promissory note ( UCC 3-104 Negotiable Instruments ), when endorsed to them, but also refused to return it, credit the account, or discharge it violating UCC 3-604. The contract signed with XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX also stated that the original Note itself satisfied all obligations. According to XXXX XXXX, Truist had no binding contract, so they had no rights to my private property yet they stole it anyway. Truist and the dealership stated that they were giving me a loan, but instead pulled money from the Federal Reserve ( Federal Reserve Act Section 16.2 ) using my application and did not pull money from their actual reserves. They failed to give value or consideration meaning they actually stole my note and private property. That's unjust enrichment and racketeering. Also, Truist failed to provide accounting via UCC 9-210 when requested.

Since contracts or Notes are considered securities, they created and stole my securities, without giving value or consideration. They also stole the other securities or bonds that were sent to them that were meant to settle any obligations and be deposited with the treasury on my behalf. They stole them and lied to all agencies, including the IRS, stating that I gifted them in which I did not. That's Tax Fraud and Security Fraud. I also have a security audit for the Note. They also violated their fiduciary duty to me as a client and as an investor into their organization. This is a criminal organization causing immeasurable damage to the American People by way of deceptive acts and false representation ( 12 CFR 1006.18 & 16 cfr 433.2 ).

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