Consumer complaint received 2024-08-21 00:00:00
Product: Mortgage — USDA mortgage
Issue: Trouble during payment process — Payment process
Company: PENNYMAC LOAN SERVICES, LLC.
State: SC

Complaint narrative:
Securities Fraud, racketeering. 
I am an Investor seeking to redeem my instruments. I have not only provided you with a promissory note via my original credit application ( Exhibit B ) I am also entitled to receive the interest on the coupon payments I receive every month. ( Exhibits C, F, I ) These are notes I am able to collect pursuant to the indenture agreement you have on file with the SEC. I stamped the security according to 31 CFR 328.5 - Forms of endorsement and 31 CFR 328.6 - Requirements for endorsement. 
I mailed the Registered Security for XX/XX/year> ( Exhibit C ) to XXXX XXXX ( PennyMac indenture Trustee/Paying agent ) registered mail on XXXX XXXX. It was delivered on XXXX XXXX. No response and its not reflecting my account. See Registered mail receipt attached ( Exhibit D ) I mailed the Registered Security for XX/XX/year> ( Exhibit F ) to PennyMac Loan Services LLC legal department on XXXX XXXX. I got a response from PennyMac on XXXX XXXX saying that the company declined my tender of payment ( Exhibit H ) I mailed the registered security for XX/XX/year> ( Exhibit I ) to PennyMac Loan Services LLC legal department on XXXX XXXX. No response Pursuant to UCC 3-604, if the instruments, notes, or any tender of payment is rejected, surrendered, or mutilated, I am able to consider the debt discharged.

I have in good faith done everything I agreed to in the terms and conditions and PennyMac is showing a history of non-compliance. 
According to 16 CFR 433.1 Definitions ( d ) Purchase money loan. A cash advance which is received by a consumer in return for a Finance Charge within the meaning of the Truth in Lending Act and Regulation Z, which is applied, in whole or substantial part, to a purchase of goods or services from a seller who ( 1 ) refers consumers to the creditor or ( 2 ) is affiliated with the creditor by common control, contract, or business arrangement. 
I never received a cash advance for the finance charge in this business transaction nor was it mentioned verbally or in writing. I never received a Purchase money loan ; The company gave me a consumer loan according to the law it was supposed to be a Purchase money loan.

The company never credit my account from the dividend payment they made off my treasury coupon via the Electron Funds Transfer Act of the interest they made off of my treasury coupon. PennyMac Never credit my account for the Certificate of Indebtedness If I cant use my securities, then this is Securities Fraud and racketeering. 
Hopefully we can come to an agreement. I am able to send you the notes every month. PennyMac Loan Services LLC can be assured all obligations I incur will be tendered as a form of payment and I will never become delinquent. I have a forensic auditor at my disposal who is willing to testify to your securitization tactics... If my concerns are not addressed, I will report the CUSIP and other relevant information to the SEC. Your prospectus clearly states the notes will not be placed on any secondary market! 
I also included a request for arbitration form that is filled out and at the end of the discovery.

Company response to consumer: Closed with explanation