Consumer complaint received 2024-08-13 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Information belongs to someone else
Company: Experian Information Solutions Inc.
State: MI

Complaint narrative:
XXXX XXXX, in violation of 15 U.S. Code 1681s2 - Responsibilities of furnishers of information to consumer reporting agencies ; is ( A ) Reporting information with actual knowledge of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. They are also ( B ) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and ( ii ) the information is, in fact, inaccurate. 

XXXX XXXX  knows that this reported debt claim is inaccurate because they know that no assets were transferred pursuant to 26 CFR 1.856-6 SS ( A ) ( 3 ) of the Treasury Regulations which governs Title 856 ( c ) ( 1 ) which states XXXX XXXX  has to file a tax return & statement to qualify as real estate investment trust. Title 26 Section 856 ( c ) ( 1 ) requires XXXX XXXX  to take an election to treat the XXXX as a XXXX  in order to get the tax exclusion that allows them not to pay income tax on the investor payouts. Funds were never transferred to the XXXX and tax returns were never filed in order to get this exemption. The loan was unsecured and in-default at closing. Thats why they never took an election to treat the property as foreclosure property because it was not declared. Pursuant to 26 USC 1212 this is a prohibited transaction. They never filed with the district director to qualify as XXXX, which means they dont have a tax exemption. They owe a 100 % tax liability on all the capital in their possession. XXXX XXXX  is debtor in possession of contraband upon which a lien has been attached under 6324 ( C ) ( 2 ) of Title 26 of the Internal Revenue Code until the Capital Transfer Tax is paid in full. 

XXXX XXXX  is reporting that the alleged account is closed, charged off. This means that they wouldve already received the tax credit for their loss. They are attempting to commit a fraudulent transaction. 

They are liable pursuant to 15 U.S. Code 1681h - Conditions and form of disclosure to consumers ( e ) Limitation of liability Except as provided in sections 1681n and 1681o of this title ; No consumer may bring any action or proceeding in the nature of defamation, invasion of privacy, or negligence with respect to the reporting of information against any consumer reporting agency, any user of information, or any person who furnishes information to a consumer reporting agency, based on information disclosed pursuant to section 1681g, 1681h, or 1681m of this title, or based on information disclosed by a user of a consumer report to or for a consumer against whom the user has taken adverse action, based in whole or in part on the report [ 2 ] except as to false information furnished with malice or willful intent to injure such consumer. XXXX XXXX  finally has not produced a valid contract to which Im an alleged party. Ive demanded proof of signature in accordance with UCC 3-308, to no avail. 

Experian, XXXX and XXXX has have all co-conspired to egregiously and adversely damage my ability to obtain credit, which has hurt my faith in the Federal financial banking system.

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