Consumer complaint received 2024-03-29 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Problem when making payments — Problem during payment process
Company: CITIBANK, N.A.
State: FL

Complaint narrative:
I sent a Registered Security to the XXXX XXXX  XXXX XXXX XXXX XXXX XXXX made out to Citi Cards for my account ending in XXXX for { {$20000.00} } TO APPLY TO PRINCIPLE. It was sent on XX/XX/XXXX and received on XX/XX/XXXX at XXXXXXXX XXXX via registered mail number XXXX. I sent another XXXX XXXX for {$20000.00} on XX/XX/XXXX and received on XX/XX/XXXX at XXXXXXXX XXXX via registered mail number XXXX. The last registered security was sent to the Transfer XXXX XXXX XXXX XXXX XXXX on XX/XX/XXXX and was delivered on XX/XX/XXXX. They should know how to deal with the registered security as they signed the Indenture agreement between Citi and XXXX XXXX XXXX XXXX XXXX as indenture trustee, agreeing to the terms of the Securities Exchange Act of 1934. Not processing 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. 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.

Furthermore, 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. Citi Cards and XXXX  XXXX XXXX XXXX XXXX XXXXXXXX are breaking this code. I am giving the CFPB a chance to help hold them accountable and notify the appropriate agencies that focus on securities and equities/commodities fraud . I am opting out of Arbitration under 15 U.S. Code 6802 ( b ). I will be forced to send them a Civil Cover Sheet 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 non-monetary relief