Consumer complaint received 2021-08-09
Company: Navient Solutions, LLC.
State: NC
Product: Debt collection
Sub-product: Private student loan debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt was paid

Complaint:
An Affidavit of Truth was sent to Navient on XX/XX/XXXX which they received on XX/XX/XXXX. Navient had 30 days to respond which they did not respond within this timeframe with a validation of debt where I received a notarized letter which showed where Navient loaned me any money. 

According to the Navient website, private student loans are made by banks, credit unions, or finance companies, typically to students who need to borrow more than the federal loan limits allow. 

Navient operates under Truth and Lending laws, and because banks do not loan money, banks only borrow money pursuant to 12 USC 1431 ( a ). I demanded receipt of the debt validation and Navient sent me fraudulent documents. Pursuant to 15 USC 1692b ( 2 ) which states any debt collector ( Navient ) communicating with any person other than the consumer for the purpose of acquiring location information about the consumer shall - not state that such consumer owes any debt. No other documents will be accepted as a validation of debt other than the above mentioned. 

Navient claims that the disbursement date was on XX/XX/XXXX and there is an alleged unpaid debt in the amount of {$5700.00}. Again, I am not obligated to pay this debt pursuant to 15 USC 1692b ( 2 ) Any debt collector communicating with any person other than the consumer for the purpose of acquiring location information about the consumer shallnot state that such consumer owes any debt ; and I am the consumer and natural person pursuant to 15 USC 1692a ( 3 ) the term consumer means any natural person obligated or allegedly obligated to pay any debt.

Also, pursuant to 12 USC 411 states Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank. 
Navient requiring me to pay this alleged debt is also the company asking me to commit an unlawful act by paying with Federal Reserve notes. The Federal Reserve notes Navient is demanding that I use to pay this alleged debt have not been redeemed in lawful money on demand at the Treasury Department of the United States in Washington DC or at any Federal Reserve bank. 
This alleged debt has already been paid, pursuant to 12 USC 412 ; Any Federal Reserve bank may make application to the local Federal Reserve agent for such amount of the Federal Reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal Reserve agent of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances acquired under section 92, 342 to 348, 349 to 352, 361, 372, or 373 of this title, or bills of exchange endorsed by a member bank of any Federal Reserve district and purchased under the provisions of sections 348a and 353 to 359 of this title, or bankers acceptances purchased under the provisions of said sections 348a and 353 to 359 of this title, or gold certificates, or Special Drawing Right certificates, or any obligations which are direct obligations of, or are fully guaranteed as to principal and interest by, the United States or any agency thereof, or assets that Federal Reserve banks may purchase or hold under sections 348a and 353 to 359 of this title or any other asset of a Federal Reserve bank. In no event shall such collateral security be less than the amount of Federal Reserve notes applied for. The Federal Reserve agent shall each day notify the Board of Governors of the Federal Reserve System of all issues and withdrawals of Federal Reserve notes to and by the Federal Reserve bank to which he is accredited. The said Board of Governors of the Federal Reserve System may at any time call upon a Federal Reserve bank for additional security to protect the Federal Reserve notes issued to it. Collateral shall not be required for Federal Reserve notes which are held in the vaults of, or are otherwise held by or on behalf of, Federal Reserve banks.

Under UCC Subsection 9-102 " Collateral '' means the property subject to a security interest or agricultural lien. The term includes : ( a ) proceeds to which a security interest attaches ; ( b ) accounts, chattel paper, payment intangibles, and promissory notes that have been sold ; In other words, " collateral security '' as mentioned in this law is my signature which confirms that this debt was already paid at the time Navient released the student loans. This alleged debt has already been satisfied and no other unlawful Federal Reserve notes are due from me going forward.

I also do not owe this alleged debt pursuant to 18 USC 8 The term obligation or other security of the United States includes 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 deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps. The alleged debt was never my obligation but always the obligation of the United States.

Company response to consumer: Closed with explanation