Consumer complaint received 2024-03-02 00:00:00
Product: Vehicle loan or lease — Lease
Issue: Managing the loan or lease — Loan sold or transferred to another company
Company: TOYOTA MOTOR CREDIT CORPORATION
State: MI

Complaint narrative:
Account Number : XXXX Vehicle : XXXX XXXX XXXX I am writing to make a complaint against the following companies : Toyota Motor Credit Corporation XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, as XXXX XXXX XXXX XXXX XXXX XXXX, as Owner Trustee My complaint pertains to their handling of vehicle leasing which per the Securities Exchange Act has raised concerns of violations with securities fraud and tax evasion. My certificate of indebtedness was securitized by this company where they have also received a CUSIP number and engaged in trading activities on the secondary market. According to Prospectus, Indenture agreement and XXXX XXXX XXXX XXXX XXXX, the Indenture trustee is XXXX XXXX XXXX XXXX and the XXXX XXXX XXXX XXXX XXXX XXXX XXXX. 


I received a letter from XXXX XXXX ( Customer Care Analyst ) that alluded to my registered security in certificated form, that was received by XXXX XXXX XXXX and XXXX, was a scheme to relieve myself of a valid legal obligation. Date registered security in certificated form was received by company, XX/XX/XXXX, USPS registered mail tracking number is as follows : XXXX XXXX The actual scheme is resulting from the fact that on XX/XX/XXXX, I went into the dealership to lease a XXXX XXXX XXXX with clean hands. Unfortunately, to my surprise, there was already a lien on my title that has nothing to do with me. They sold me a car knowing that a lien already existed between their Issuer, XXXX XXXX XXXX XXXX, and their depositor, XXXX XXXX XXXX XXXX and I can prove it through their XXXX filing that is filed and certified in their principal state which is Delaware. See attached certified findings. 

Not only did they knowingly sell me a car with an already existing lien, their prospectus ( offering memorandum ) says that they will not sell on the secondary market and I have proof that they have been selling my security on the secondary market. 

Due to the irregularities of this contract, I am now claiming all rights as a bona fide purchaser. I exchanged value for property without any reason to suspect irregularities in this transaction and had no notice that there were existing defects in the title. XXXX and its subsidiaries have failed to correct this matter. 

I have offered a chance for TMCC and its affiliates to correct this matter by rendering the account as paid in full, ONLY reporting to each credit bureau as paid as agreed, and turn my equitable title into a perfected title and send it to me at the following address : XXXX XXXX XXXX, XXXX, Michigan XXXX. I have opted out of any and all adverse reporting to any credit bureau as well. 

I am now also removing and revoking any and all Power of Attorney ( whether written or verbal ) given to Toyota Motor Credit Corporation, XXXX XXXX XXXX, XXXX XXXX XXXX XXXX, XXXX XXXX XXXX XXXX and any and all subsidiaries of Toyota Motor Credit Corporation. 

If this matter XXXX settled in XXXX business days within receipt of this complaint and I dont receive my Manufacturer 's Certificate/Statement of Origin ( MCO/MSO ), my next step will be to report TMCC and its subsidiaries, XXXX well as, XXXX XXXX XXXX XXXX ( XXXX XXXX XXXX XXXX to the IRS for tax evasion and SEC for securities fraud.

Company response to consumer: Closed with explanation