Consumer complaint received 2018-10-17
Company: JPMORGAN CHASE & CO.
State: LA
Product: Mortgage
Sub-product: Other type of mortgage
Issue: Trouble during payment process

Complaint:
On XX/XX/XXXX I went to Chase Bank located at XXXX XXXX XXXX to try and obtain several loans. I only applied for one loan due to the branch closing hours and it was an auto loan for a little over {$100000.00}. After supplying my Social Security Account Number to the associate in the Auto Loan department and being denied : I gave to XXXX XXXX an Administrative and Constructive Notice. |I tried to explain to her that since XX/XX/XXXX congress has guaranteed every loan and that XXXX has also determined that every loan is to be insured. In the notice I presented to her, I go into more detail concerning the nature of the actual cash value items known as loans which are promissory notes. I instructed XXXX XXXX to deliver the notice to her branch manager and also informed her that the notice pertains to her also. She scoffed at me and remarked that she would be shredding the notice as she felt that it did not apply to her. I advised her that the idea would not be good for her nor her financial institution but she just went off laughing. Patiently waiting for a response via written or electronic and having received none ; I again went to Chase Bank and spoke with the branch manager XXXX XXXX on XX/XX/XXXX. I tried to express the same thing and she shut me down immediately and threatened to have me escorted off the premises when I informed her that I felt that our business was not completed and she proceeded to leave our conference. Trying to give me the notice back, I explained that I would file a complaint with SEC ( Securities Exchange Commission ), FTC ( Federal Trade Commission ), CFPB ( Consumer Financial Protection Bureau ), and the XXXX ( XXXX XXXX XXXX ) and she said that she would take the notice that was addressed to her, XXXX XXXX, and Chase Bank and forward it to the banks complaints department. I left and called XXXX for XXXX, La and was advised to also reach out to LOFL ( Louisiana Office of Financial Institutions ). 

It having come to my attention, that we are in a continued National Banking Holiday since XX/XX/XXXX in  accords with the Emergency Banking Relief Act of XX/XX/XXXX ; the Federal Emergency Relief Act of XX/XX/XXXX ; Presidential Proclamations 2038, 2039, and 2040 ; Congressional Notes, Records, and Documents for the 73rd Session General Assembly Congress ; Senate Report 93-549, XX/XX/XXXX [ Pursuant to S.Res. 9, 93d Cong. ] ; and the stance of the UNITED STATES government ;  specifically noted on the TREASURY 's government website, the UNITED STATES TREASURY has declared that Federal Reserve Notes have no value " Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933 ( the year XXXX XXXX XXXX came into office and made the above referenced proclamations ). The notes have no value for themselves, but for what they will buy. '' This excerpt is taken from the official website of the United States financial expert, the United States Department of the Treasury [ https : //www.treasury.govXXXX ]  whose job it is to print the money utilized by the public, and note how they say that since the government declared bankruptcy in XX/XX/XXXXtheir notes have had no value. The United States Congress has an active statute which provides that Federal Reserve Notes are only to be utilized by federal reserve banks, their member banks respecting government obligations which the fees of this agency purport to be, and for no other purpose is it authorized- ( see : 12 USC 411 ). 

Then if the United States Congress confirmed its intentions with their congressional records and discussions- The ownership of all property is in the state ; individual so-called ownership is only by virtue of the government Senate Document No. 43, 73rd Congress, 1st Session, Under the new law the money is issued to the banks in return for government obligations The money will be worth XXXX cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes, and of all the People of the nation. Congressional Record, XX/XX/XXXX on HR 1491 p. 83. Congress also determined that all mortgages along with all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United  States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposits, bills, checks, or drafts for money in the United States were deemed to be Government Obligations, which come with the guarantee of the United States full faith and credit. Seeking to remedy and tender payment as declared by Congress ; owning that Congress determines all debt to be valid, all debt to be government obligations ; has set in place procedures that Ive followed to the best of my ability ; to tender payment. 

The Federal Emergency Relief Act of 1933 AN ACT To provide for cooperation by the Federal Government with the several States and Territories and the District of Columbia in relieving the hardship and suffering caused by ( Sec. 4 ( a ) ) Out of the fundsto provide the necessities of life to persons in need as a result of the present emergency, and/or to their dependents, whether resident, transient, or homeless.-The Federal Emergency Relief Act of 1933 Approved, XX/XX/XXXX ( Sec. 4. ( a ) ) Obligations of the United States shall be receivable for all public dues. The shall be redeemed  at the Treasury Department of the United States or at any Federal Reserve bank. 12 U.S. Code 411-Issuance to reserve banks ; nature of obligation ; redemption ( XX/XX/XXXX, ch. 6, 16 ( par. ), 38 Stat. 265 ; XX/XX/XXXX, ch. 6, 2 ( b ) ( 1 ), 48 Stat. 337 ; XX/XX/XXXX, ch. 614, title II, 203 ( a ), 49 Stat. 704. ) Since XX/XX/XXXX, the United States has been in A STATE OF DECLARED NATIONAL EMERGENCY.

7 CFR 1901.508 Servicing of insured notes outstanding with investors.

( i ) Endorse the insured note as follows : Pay to the order of.Without recourse. The holder will then deliver the endorsed note, to the Director, Finance Office.

( ii ) On receipt of the endorsed note the Director, Finance Office, will acknowledge receipt of the note and process payment to the assignor of the par value of the note as of the date of the Treasury check.

Company response to consumer: Closed with explanation