M&T Bank Corporation Consumer Loan Complaint

Installment loan Managing the loan or lease

M&T Bank Corporation Consumer Loan department,

Installment loan Managing the loan or lease Massachusetts

We purchased a boat, trailer and motor, in -/-/- it was paid in full in - 2016. I then sold the boat in -/-/-. When the purchaser went to register the boat and trailer he was told there was still a lien on the trailer. I made numerous phone calls to the bank and nobody could seem to help me resolve this. After being sick for the last 5 days about this including the weekend I finally went online and found with no difficulty that there was indeed an electronic lien despite the multiple times I was told it was released in -/-/-. I finally faxed a copy of my last registration to their bank and it is now being released. I am sure this is not how customers are supposed to be treated. I understand they are a large bank but had I been in the wrong and not paid my bill they would have contacted me in a moment. I know the problem is resolved for me after much distress but maybe if somebody is educated about this way of managing loans it will prevent the next person from having to go through what we had to endure

M&T Bank Corporation customer in Massachusetts
Jun 06, 2016

* Source: CFPB Complaint Database

M&T Bank Corporation response to complaint:
Closed with explanation

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