Consumer complaint received 2024-02-28 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Managing the loan or lease — Billing problem
Company: Larry H. Miller Group of Companies
State: GA

Complaint narrative:
PRESTIGE FINANCIAL HAS BEEN TRADING CONSUMERS NOTE ON THE SECONDARY MARKET WITHOUT PROVIDING CONSUMER THEIR SHARES. THIS IS SECURITIES FRAUD. PRESTIGE FINACIAL SERVICES NEVER DISCLOSED THEIR INTENT TO SECURITIZE THE NOTE. PRESTIGE FINANCIAL SERVICES PURCHASED CONSUMER 'S NOTE FROM THE DEALERSHIP AND IS USING IT AS AN ASSET BACK SECURITY. AUTHORIZED AGENT XXXX XXXX XXXX tendered a security in the form of an endorsed payment coupon for the Indentured Trustee of Prestige Financial Services XXXX XXXX XXXX XXXX XXXX to endorse and present to the United States Treasury for redemption in exchange for payment to the principal account. Pursuant to 31 CFR 328.1-328.2 as well as 31 CFR 206 COLLATERAL SECURITY, the Indentured Trustee Act, Securities Exchange Act and the Bankruptcy Banking Act, this form of payment is acceptable. It is unlawful and against public law, specifically, The House Joint Resolution, to force debtor to pay in form of federal reserve notes or any other form of debt instruments. Consumer has initiated a Billing Error Dispute for Prestige to investigate whether their Negotiable Instrument that was sent to their Trustee was redeemed or not. Consumer wants to know its location and asks for Prestige to provide an explanation for the delay for the credit being applied to the account, whether it has been redeemed or not, the securitization of the note provides enough benefit for the Authorize Agent to Express a Trust and request that the balance be paid in full. The United State Postal Service confirmed the Registered Security Endorsed for payment PAID TO THE ORDER OF : PRESTIGE FINANCIAL SERVICES and was delivered Via Registered Mail RE XXXX XXXX XXXX US back in XXXX of XXXX.Please confirm under Penalty of Perjury whether the bond and payment coupon were lost, stolen or destroyed or redeemed. If you are dishonoring the payment, please return it and or provide explanation so that Consumer can initiate an investigation with the SEC and USPS, because it is insured. Consumer requested XXXX and XXXX Number attached to their note, Creditor ignored their right to this information being disclosed as it is apart of the Account. 31 CFR 328.8 - Loss, theft, or destruction of securities bearing restrictive endorsements. ( a ) General. Relief will be provided on account of securities bearing restrictive endorsements proved to have been lost, stolen or destroyed, upon the owner 's application, in the same manner as registered securities which have not been assigned. ( See subpart N of the current revision of Department Circular No. 300, the general regulations governing United States securities. ) Except for bearer securities submitted for redemption at par in payment of Federal estate taxes, a bank will be considered the owner of securities handled on behalf of customers unless it otherwise requests. The application for relief ( Form PD 2211 ) and instructions will be furnished by the Federal Reserve banks. ( b ) Bond of indemnity. Where securities bearing restrictive endorsements shipped by a bank have been lost, stolen, or destroyed, a bond of indemnity with surety satisfactory to the Secretary of the Treasury will be required from the owner. If such bond is executed by a bank or other corporation, the execution must be authorized by general or special resolution of the board of directors, or other body exercising similar functions under its bylaws. Ordinarily, no surety will be required on a bond executed by a presenting bank. The Secretary of the Treasury reserves the right, however, to require a surety in any case in which he considers such action necessary for the protection of the United States. If you continue to violate the Consumer and their Agent, you will be held liable. Investor will file an Investor Complaint with the SEC and IRS Form 211 for An Audit of the Account. This complaint is being submitted Without Recourse and with Equitable and Inalienable Rights Reserved,

Company response to consumer: Closed with explanation