Consumer complaint received 2025-01-16 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Applying for a mortgage or refinancing an existing mortgage — Changes in loan terms during the application process
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: AK

Complaint narrative:
The foreclosure proceedings initiated by Bank Of America against XXXX XXXX XXXX, in federal XXXX XXXX XXXX XXXXXXXX XXXX, based on a mortgage loan derived from XXXX XXXX, violated his constitutional rights under the XXXX, XXXX, and XXXX Amendments. This raises broader questions about the legality of a monetary system that facilitates perpetual debt cycles through XXXX currency and usury. 

the foreclosure proceedings, as applied to XXXX XXXX, constitute an unconstitutional deprivation of his rights to property and due process under the XXXX and XXXX Amendments. Further, the systemic exploitation inherent in the XXXX currency system and its application to the facts of this case violate the foundational principles of justice enshrined in the XXXX. 

At the XXXX of this lies the mortgage agreement secured by XXXX currencycurrency created without backing by tangible assets such as gold or silver. XXXX argues that this currency, lacking intrinsic value, fails to constitute valid consideration under contract law, thereby rendering his mortgage void ab initio. He further asserts that the foreclosure proceedings based on such a contract violate his rights to due process, equal protection, and protection from unjust enrichment.

The Constitution is clear on matters of monetary integrity and individual rights. Article I, Section 10 prohibits states from making anything but gold and silver coin a tender in payment of debts. This provision reflects the Framers intent to establish a monetary system grounded in tangible value, ensuring fairness and stability in economic transactions. Moreover, the XXXX and XXXX Amendments safeguard individuals from governmental deprivation of life, liberty, or property without due process of law. We can not ignore the systemic exploitation facilitated by Bank Of XXXX  XXXX currency system, which imposes undue burdens on individuals like XXXX XXXX. This system, compounded by the practice of usury, creates perpetual cycles of debt that are not only mathematically unsustainable but also morally indefensible. 

The issue of consideration is foundational to the validity of contracts. A valid contract requires mutual exchange of value. However, XXXX currency, by its very nature, is created out of nothing and lacks the tangible backing required by Article I, Section 10. This court has long recognized the principle that invalid consideration undermines the enforceability of a contract. In XXXXXXXX XXXX XXXX XXXX XXXX  ), we held that a mortgage is inseparable from the promissory note it secures. If the note is invalid, the mortgage is likewise void. 

Here, XXXX XXXX XXXX  was intentionally and fraudulently based on XXXX currency, a medium of exchange that contravenes constitutional intent and economic fairness. We conclude that such a contract, lacking valid consideration, can not form the basis for lawful foreclosure proceedings. 

The foreclosure proceedings also implicate XXXX XXXX due process rights. The XXXX Amendment prohibits the deprivation of property without due process of law, and the XXXX Amendment extends this protection to actions by state governments and their instrumentalities. Foreclosure is a significant deprivation of property that requires strict adherence to procedural and substantive fairness. In this case, the foreclosure was initiated without addressing XXXX XXXX valid challenge to the underlying mortgage. The lack of a meaningful hearing to contest the validity of the contract constitutes a violation of his due process rights. Further, the XXXX attempt of XXXX XXXX home under a void contract amounts to an unconstitutional taking of property for private benefit, violating the Takings Clause of the XXXX Amendment. 

The XXXX Amendments prohibition of involuntary servitude extends to systems of economic exploitation that coerce individuals into perpetual labor for the benefit of others. The XXXX currency system, when coupled with usury, forces borrowers into unrelenting cycles of debt repayment, effectively constituting economic servitude. XXXX XXXX plight illustrates the oppressive nature of this system, which prioritizes the enrichment of financial institutions over the rights and dignity of individuals. 

This is not merely about the rights of XXXX man ; it is a reckoning with systemic injustices that have persisted for decades. The Framers of the Constitution envisioned a monetary system that would safeguard against the exploitation and instability inherent in XXXX currency and usury. We need to reaffirm the supremacy of constitutional principles over entrenched financial practices. 

The momentous importance of this matter can not be overstated. It restores the rule of law in the realm of economic transactions, reasserts the constitutional mandate for sound money, and champions the rights of individuals against systemic exploitation. This also serves as a reminder to all institutions, public and private, that the Constitution is not a mere relic of the past but a living charter of justice. 

the foreclosure proceedings against XXXX XXXX are unconstitutional and void. All contracts based on XXXX currency lack valid real consideration and can not form the basis for lawful enforcement actions. I call upon Congress to revisit the monetary and financial systems in light of their constitutional obligations

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation