South Dakota Sample Letter for Complaint to Reform Deed of Trust

• Category: Letters - Legal - Complaints
• State: Multi-State
• Control #: US-0742LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Name of the Lending Institution] [Address] [City, State, ZIP Code] Subject: Complaint to Reform Deed of Trust in South Dakota — Loan Account #[Loan Account Number] Dear [Recipient's Name], I am writing this letter to lodge a formal complaint regarding the deed of trust associated with my loan account, #[Loan Account Number], with [Name of the Lending Institution]. I kindly request your immediate attention and assistance in resolving this matter. I regret to inform you that I have encountered several discrepancies and irregularities in the deed of trust that require immediate reform. These issues are causing significant distress and financial burden on my part. To provide you with a comprehensive understanding of the situation, I will outline the key concerns I have identified: 1. Incorrect Loan Terms: Upon detailed review, I have discovered discrepancies in the loan terms documented in the deed of trust compared to the original loan agreement we both agreed upon. The interest rate, payment schedule, and other essential terms do not align with our agreed-upon contract. This inconsistency has resulted in inflated payment obligations beyond my agreed-upon financial capabilities. 2. Unauthorized Charges and Fees: I have noticed unauthorized charges and fees incorporated into the deed of trust, which were not initially disclosed or agreed upon during the loan application process. These additional financial burdens have negatively impacted my ability to meet the loan obligations and have caused undue financial strain. 3. Inaccurate Property Description: The deed of trust contains inaccurate and incomplete information regarding the property associated with this loan. The property's legal description, as stated in the document, does not accurately reflect its physical boundaries, which could potentially lead to legal disputes and complications in the future. 4. Failure to Provide Adequate Notice: I have not received any prior notice or communication regarding any changes made to the deed of trust before or after its execution. It is imperative that any modifications to the terms and conditions of the loan are communicated transparently and well in advance to ensure both parties' understanding and agreement. I hereby demand the immediate reform and rectification of the above-mentioned issues in the deed of trust associated with my loan account. I kindly request that you provide written confirmation of the actions taken to address and resolve these matters within [reasonable timeframe, e.g., 30 days] from the date of this letter. Failure to address these concerns and neglecting to undertake the necessary measures to correct the deed of trust will leave me with no alternative but to pursue legal remedies available to me under South Dakota law. This may include filing a complaint with the appropriate regulatory bodies and seeking legal counsel to protect my rights and interests. To facilitate the resolution process, I have enclosed copies of all relevant documents, including the original loan agreement, recent payment statements, and the current deed of trust, highlighting the discrepancies for your reference. I kindly request that you thoroughly investigate and resolve these matters promptly to avoid any further inconvenience. I expect your full cooperation and prompt attention to rectify this matter. Furthermore, I look forward to receiving a written response outlining the actions taken to address my concerns. Should you have any questions or require additional information, please reach out to me at the contact details provided above. Thank you for your prompt attention to this matter. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Name of the Lending Institution] [Address] [City, State, ZIP Code] Subject: Complaint to Reform Deed of Trust in South Dakota — Loan Account #[Loan Account Number] Dear [Recipient's Name], I am writing this letter to lodge a formal complaint regarding the deed of trust associated with my loan account, #[Loan Account Number], with [Name of the Lending Institution]. I kindly request your immediate attention and assistance in resolving this matter. I regret to inform you that I have encountered several discrepancies and irregularities in the deed of trust that require immediate reform. These issues are causing significant distress and financial burden on my part. To provide you with a comprehensive understanding of the situation, I will outline the key concerns I have identified: 1. Incorrect Loan Terms: Upon detailed review, I have discovered discrepancies in the loan terms documented in the deed of trust compared to the original loan agreement we both agreed upon. The interest rate, payment schedule, and other essential terms do not align with our agreed-upon contract. This inconsistency has resulted in inflated payment obligations beyond my agreed-upon financial capabilities. 2. Unauthorized Charges and Fees: I have noticed unauthorized charges and fees incorporated into the deed of trust, which were not initially disclosed or agreed upon during the loan application process. These additional financial burdens have negatively impacted my ability to meet the loan obligations and have caused undue financial strain. 3. Inaccurate Property Description: The deed of trust contains inaccurate and incomplete information regarding the property associated with this loan. The property's legal description, as stated in the document, does not accurately reflect its physical boundaries, which could potentially lead to legal disputes and complications in the future. 4. Failure to Provide Adequate Notice: I have not received any prior notice or communication regarding any changes made to the deed of trust before or after its execution. It is imperative that any modifications to the terms and conditions of the loan are communicated transparently and well in advance to ensure both parties' understanding and agreement. I hereby demand the immediate reform and rectification of the above-mentioned issues in the deed of trust associated with my loan account. I kindly request that you provide written confirmation of the actions taken to address and resolve these matters within [reasonable timeframe, e.g., 30 days] from the date of this letter. Failure to address these concerns and neglecting to undertake the necessary measures to correct the deed of trust will leave me with no alternative but to pursue legal remedies available to me under South Dakota law. This may include filing a complaint with the appropriate regulatory bodies and seeking legal counsel to protect my rights and interests. To facilitate the resolution process, I have enclosed copies of all relevant documents, including the original loan agreement, recent payment statements, and the current deed of trust, highlighting the discrepancies for your reference. I kindly request that you thoroughly investigate and resolve these matters promptly to avoid any further inconvenience. I expect your full cooperation and prompt attention to rectify this matter. Furthermore, I look forward to receiving a written response outlining the actions taken to address my concerns. Should you have any questions or require additional information, please reach out to me at the contact details provided above. Thank you for your prompt attention to this matter. Yours sincerely, [Your Name]