Consumer complaint received 2025-05-06 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Managing the loan or lease — Billing problem
Company: GFS II, LLC
State: MD

Complaint narrative:
Notice of Rescission, Recoupment, Demand for Restitution, and Accounting of Proceeds From : XXXX XXXX XXXX, XXXX XXXX, Beneficiary XXXX XXXX XXXX XXXX XXXX XXXX XXXX MD XXXX XXXX XXXX  To : Gateway Financial Solutions Legal & Compliance Dept. 
XXXX XXXX XXXX XXXX XXXX, MI XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX 
XXXX XXXX XXXX XXXX XXXX XXXXXXXX, TX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. 
XXXX XXXX XXXX XXXX, VA XXXX Date : [ Insert Date ] RE : Retail Installment Contract for XXXX XXXX XXXX VIN : XXXX Date of Contract : XX/XX/XXXX To Whom It May Concern : I, the Affiant, XXXX XXXX XXXX, XXXX XXXX, Beneficiary, a private, living, and competent man, hereby give formal and lawful Notice of Rescission and related demands concerning the above-referenced vehicle contract. Based on clear evidence of material misrepresentation, fraudulent inducement, lack of full disclosure, and unlawful securitization of my promissory note, the contract is declared null and void ab initio.

I provided {$500.00} as a down payment. A receipt was issued fraudulently stating {$1000.00}, and the contract falsely reflects a down payment of {$1300.00}. These facts constitute intentional misrepresentation and fraud in the inducement, which, under common law, renders the contract voidable at my election.

Furthermore, based on documents filed with the SEC, including Form
8-K filings for XXXX XXXX XXXX XXXX XXXX XXXX and XXXX, as well as XXXX XXXX disclosures, it is clear XXXX XXXX XXXX XXXXXXXX, acting as Sponsor and Depositor, securitized large volumes of auto loans. This includes Gateway One Lending & Finance portfoliosindirect auto lenders who were charged by the SEC with false loan performance data. These actions materially compromised the integrity of my transaction.

Therefore, I assert the following : 1. RESCISSION : The contract is rescinded in full based on fraud, material misrepresentation, unconscionable terms, and nondisclosure, in violation of : - Truth in Lending Act ( 15 U.S.C. 1601 et seq. ) - Federal Trade Commission Act ( 15 U.S.C. 4158 ) - UCC 2-302, 3-305, 1-308, and 9-623 - Unjust Enrichment Doctrine - Common Law fraud and Equity 2. RECOUPMENT : I demand immediate refund of : - {$500.00} down payment - All payments made on the vehicle - All interest and finance charges - All fees assessed under false pretenses 3. ACCOUNTING AND PROCEEDS DEMAND : - Provide a complete forensic accounting of all assignments, transfers, or securitization events involving my contract or promissory note. 
- Identify all trusts, including but not limited to XXXX XXXX XXXX XXXX XXXX, where my asset was placed.

- Provide documentation proving standing and lawful right to enforce any lien or debt.

4. CONSTITUTIONAL AND EQUITABLE CLAIMS : - I reserve my rights under Article I, Section 10 of the U.S. Constitution ( Right to contract ) - I assert due process rights under the 5th and 14th Amendments - I invoke equitable maxims : " Equity will not suffer a wrong to be without a remedy '' and " He who comes into equity must come with clean hands. '' 5. CREDIT REPORTING CORRECTIONS AND FCRA COMPLIANCE : Pursuant to the Fair Credit Reporting Act ( 15 U.S.C . 1681 et seq. ), I hereby demand that all consumer credit reporting agenciesincluding but not limited to Experian, Equifax, and TransUnionpromptly and accurately update the tradeline associated with this account to reflect the following : Account status : Paid as Agreed Account balance : Paid in Full Payment history : Never Late Negative remarks : Permanently Removed This correction must be made without deletion of the account itself so that the positive credit history is retained. Failure to update the account in accordance with this notice shall constitute willful noncompliance under the FCRA and subject the responsible parties to liability for damages, statutory penalties, and further legal remedy. 
All rights reserved, without prejudice. 
XXXX XXXX XXXX, XXXX XXXX, XXXX XXXX XXXX / UCC 3-501

Company response to consumer: Closed with explanation