I got an iMac 21.5 2010 model in today and it had same issue, Your computer is disabled... No passcode prompt after waiting... Here's how I fixed it; I booted to an old 10.6 original install disk. Went to Utilities, Firmware Password Reset. It said there was no password set, so I set a simple one, rebooted, then I could use that password to get past the lock screen when holding Option on startup. I booted to the 10.6 disk again, turn off the firmware password, rebooted, then did 3 consecutive PRAM resets. I had previously erased the HD , thinking that was part of my issue, but it was not, so I used option again and booted to my USB El Cap drive and installed without a hitch! Hope it helps! J