Consumer complaint received 2025-07-27 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: NC

Complaint narrative:
XX/XX/XXXXThis is a follow-up complaint to CFPB CaseXX/XX/XXXX filed against Bank of America. The Trust, through its fiduciary, now demands formal resolution and response within this CFPB portal only. This constitutes the Trusts final administrative attempt to resolve the matter lawfullyXX/XX/XXXX Bank of America abruptly and without substantiated cause closed two [commercial credit accounts] ending inXX/XX/XXXX andXX/XX/XXXX. The banks only responsedated XX/XX/XXXXadmits that sufficient funds were available at the time the account was closed. This is [prima facie evidence] of wrongful termination, [commercial breach], and [misrepresentation], particularly where no default or verified fraud existedXX/XX/XXXXThe undersigned, as Trustee of a [lawfully perfected private estate trust], issued [XX/XX/XXXX onXX/XX/XXXXin the amount oXX/XX/XXXX as full and final settlement of all alleged liabilities associated with the [commercial accounts]. This payment was tendered pursuant to established law, includingXX/XX/XXXX[31 U.S.C.  5118(d)(2)]  Payment in lawful gold clause instrumentsXX/XX/XXXX12 U.S.C.  411]  Redemption in lawful moneyXX/XX/XXXX[UCC  3-311]  Accord and satisfaction of disputed obligationsXX/XX/XXXX[UCC  3-501]  Presentment and dishonor upon failure to respond\XX/XX/XXXX[UCC  3-603]  Discharge by tender of full amountXX/XX/XXXX[UCC  9-625]  Remedies for secured party upon unauthorized impairment of collateral\n\nBank of America received the negotiable instrument by [Certified Mail] ([TrackingXX/XX/XXXX and failed to return, rebut, credit, or lawfully dishonor it. This inaction constitutes [commercial dishonor], [fraud by silence], and [conversion of Trust property]. [Constructive acceptance] and [administrative default] are now presumed under lawXX/XX/XXXXBank of America's most recent response consisted of irrelevant billing statements and a generic claim that the debt remains valid. This is unacceptable. The Trust did not request statements. It requested [proof of claim].\n\nBank of America must now provideXX/XX/XXXXA valid, lawful [OC-10] or equivalent [original commercial credit contract], bearing the [wet-ink signature] of the [ALL CAPS debtor].\n\nVerified documentation that value was [loaned or transferred] to the Trust at origination.\n\nProof that Bank of America possesses a [lawful right to collect], substantiated by a signed agreement and full disclosure.\n\nProof that Bank of America is [not engaging in double-dipping], such as collecting [insurance], [credit default swap proceeds], or [third-party indemnity] while also pursuing the Trust.\n\nDisclosure of any IRS reporting including Forms [1099-A], [1099-C], or evidence of [securitization] or [sale of the alleged debt].\n\nIf Bank of America asserts that a debt exists, then under [15 U.S.C.  1692g(b)] and [UCC  3-305], the burden of proof lies with the claimant. The Trust demands [lawful, verified, original instruments]not generic summaries or hearsay.\n\nFurther, if Bank of America is [not seeking payment in lawful money or securities] as defined by [31 U.S.C.  5118], then it is operating outside the boundaries of federal monetary law. If they [are] seeking payment in any other form, they must disclose the nature of the instrument demanded. If they [are not], then [payment has already been rendered], and [accounting should be closed] immediately.\n\nThis complaint demands lawful answers to the following:\n\nIs Bank of America in possession ofXX/XX/XXXX, and why has it not been lawfully credited or returnedXX/XX/XXXXIs Bank of America demanding payment in forms other than [lawful money or securities], contrary to [31 U.S.C.  5118]?\n\nWhere is the [OC-10], signed by the XX/XX/XXXX entity, which proves a lawful agreement exists?\n\nWas any [money transferred to the Trust] as consideration for the alleged loan?\n\nHas Bank of America received [any insurance, securitization funds, or indemnification] related to these accounts?\n\nThis matter involves [commercial accounts] subject to [Uniform Commercial Code] enforcement. The Trust, as [Secured Party], holds a [perfected security interest] in the associated [legal person]. Bank of Americas continued silence, evasion, and refusal to respond with substance confirms [administrative default].\n\nNOTICE: Bank of America has [Ten (10) Days] to respond substantively and with specificity in this [CFPB portal]. Failure to do so will constitute a [final commercial dishonor] and may result in [lien enforcement] and [tort claim proceedings] at the sole expense of Bank of America.\n\nSupporting documents, including the [initial remittance], [mailing records], and the [XX/XX/XXXXXX/XX/XXXXnon-response package] ([Exhibits AG]), remain on file.\n\nRespectfully submitted on behalf of:XX/XX/XXXX

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