A FORECLOSURE DEFENSE LETTER- Necessary!
Channel: RedressRight
Date: 2023-02-14

[Your Name]
[Address]
[City, State ZIP Code]
[Date]

Inspector General
Board of Governors of the Federal Reserve System
20th and C Streets, NW
Washington, DC 20551

Dear Sir/Madam,

I am writing to bring to your attention an issue I have been facing with regards to the provisions of the Federal Reserve Act, specifically Section 13, Subsection (o), which provides for advances to individuals, partnerships, and corporations on direct obligations of the United States.
The text of Section 13, Subsection (o), of the Federal Reserve Act, as it was amended in 1935:
"Subject to such limitations, restrictions, and regulations as the Board of Governors of the Federal Reserve System may prescribe, any Federal Reserve bank may make advances to any individual, partnership, or corporation on the promissory notes of such individual, partnership, or corporation secured by direct obligations of the United States or by any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States. Such advances shall be made for periods not exceeding 90 days and shall bear interest at rates fixed from time to time by the Federal Reserve bank, subject to the review and determination of the Board of Governors of the Federal Reserve System."


I have attempted to access the provisions of this law by contacting the local Federal Reserve bank, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau (CFPB), and the Federal Trade Commission, but have not received a response in the past 6 months.
Via my rights secured by the Constitution for the United States of America, I have the right to petition for redress of grievances and seek access to the provisions of the Federal Reserve Act, including Section 13, Subsection (o). I believe that my rights under this law have been ignored and I am seeking your assistance in redressing this issue.
Before this goes too far, I and others have used this provision of law in obtaining advancements from the Federal Reserve and presenting a promissory note as prescribed by the Federal Reserve act section 16 paragraph 2, which operated as collateral and security for the advancement applied for. The local Federal Reserve agent receiving the promissory note, and subsequently the Federal Reserve notes advanced which was to compensate them for the extension of credits as identified by the truth in lending act statement has failed to adjust the account balance.
I don’t believe this is an oversight of the local Federal Reserve agent and/or their subsequent assigns, I believe it is intentional including the fact that they are trading the mortgage on the market’s after the note has been satisfied which invalidates the trade and which could substantially hurt the economy of the United States Government if it is allowed to continue.
Please note: that the United States Congress on March 9, 1933 amended the Federal Reserve act and stipulating that my promissory note was to be receivable at par, this provision of law has not been amended in this respect and I must insist on access to this provision of law!
“… deposited as security; and, when issued against the security of notes, drafts, bills of exchange, and bankers' acceptances acquired under the provisions of this act, the amount thereof shall be equal to not more than 90 percent of the estimated value of such notes, drafts, bills of exchange, and bankers' acceptances so deposited as security. Such notes shall be the obligations of the Federal Reserve bank procuring the same, shall be in form prescribed by the Secretary of the Treasury, shall be receivable at par in all parts of the United States for the same purposes as are national-bank notes, and shall be redeemable in lawful money of the United States on presentation at the United States Treasury or at the bank of issue…”
It is customary for agency such as yourself to advise to go and speak and or consult with an attorney, please note that I have provided you with a copy of the law as amended by Congress, I do not need to speak with an attorney as to the law and its application, since the law specifically holds that it’s the Federal Reserve that should be consulted of which I have done and they have forsook their responsibilities respecting this law by intentionally discriminating against myself and others like me known as “any individual” by denying us access to provisions of the laws of the United States of America and I object. I would appreciate your prompt attention to this matter and I look forward to your reply.

Thank you for your time and consideration.

Sincerely,
[Your Name]
[Your Signature]



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