Consumer complaint received 2024-03-18 00:00:00
Product: Debt collection — Mortgage debt
Issue: Attempts to collect debt not owed — Debt was paid
Company: PENNYMAC LOAN SERVICES, LLC.
State: GA

Complaint narrative:
I am responding to XXXX XXXX XXXX expressed Upon further review, I confirmed that the loan was originally registered through the XXXX XXXX XXXX XXXX XXXX XXXX XXXX an electronic registry of mortgages, as nominee for Pennymac ; however, the mortgage has since been assigned from XXXX  directly to Pennymac due to the delinquency of the loan. I have enclosed a copy of the Assignment of Security Deed that was recorded on XX/XX/year>, for your review. As the loan has not been satisfied in full, the lien remains active. 

After my review, Ive searched my MIN # to take notice of an inactive status. ( See attachment ). 

PENNYMAC STOP the SECURITY FRAUD! 

Refer to United States Bankruptcy XXXX XXXX XXXX has ruled that XXXX business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. XXXXXXXX XXXX XXXX  The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch comes up with a solution. 

There have been numerous rulings against XXXX, XXXX does not have any authority. 
My mortgage is supposed to be collateral for the note holder only and XXXX is undisputedly not the note holder. For this reason, a note can not be separated from a mortgage but it seems clear that XXXX is doing just that in every one of its mortgages. As per long standing Supreme Court law, [ t ] he note and mortgage are inseparable ; the former as essential, the latter as an incident. An assignment of the note carries the mortgage with it, while an assignment of the latter alone is a nullity. 
XXXX functions as a registry, much like my county recorder, whats unique is XXXX is they are named the Beneficiary or Nominee on the Deed of Trust/Mortgage, but theres major issues and violations with this, To be a beneficiary one has to put up money to fund the loan, MERS never put up a single dime for my loan, theyre job is simply to track the transfers XXXX recordation is not official, only legal public recording is with my county, of XXXX. 

Finally XXXX is and was never the Holder in due course, no promissory note was ever assigned to them. XXXX  blatantly violates the terms of the Deed of Trust every single day. 

What further bothers me, as this is becoming very stressful, is XXXX continued to express Pennymac must respectfully decline your request to release the property or our security interest in the property, as the loan remains active and has not been satisfied in full My asset has been satisfied in full. And the security fraud continues. Please stop selling my security on the secondary market. Its illegal and unlawful. 

Obey the law! CFR. 357.13 Obligations of the United States and the Federal Reserve Banks with respect to Book-entry Securities and security interests. 

Regarding my rights pertaining to consumer reporting I am OPTING OUT. Please see attachment. 

I am requesting XXXX, practice lawful efforts In resolving this matter, Ive certified mail notarized Notice of Dispute, XX/XX/year> to XXXX XXXX XXXX XXXX XXXX, and Pennymac Loan and XXXX XXXX, ( see copy in attachments ). Additionally, this week I will be filing 1099C canceling debt. 

Without Prejudice XXXX : XXXX UCC 1-308 All Rights Reserved

Company response to consumer: Closed with explanation