Consumer complaint received 2025-07-28 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Problem when making payments — Problem during payment process
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: NC

Complaint narrative:
XXXXCONDITIONAL ACCEPTANCE FOR VALUE, FINAL NOTICE OF DEFAULT, AND DEMAND FOR VERIFIED PROOF OF CLAIM\nRe: CFPB Case XXXX XXXX XXXX | BOA Case XXXX XXXX | Commercial Accounts Ending XXXX  & XXXXXXXXFrom:  XXXX XXXX XXXX XXXX XXXX XXXXSubmitted by: XXXX XXXX XXXX XXXX XXXXTo: Bank of America (Respondent) via CFPB Public PortaXXXXThis is a follow-up complaint to CFPB Case #: XXXX  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 lawfully.XXXXOn XXXX XXXX XXXX, Bank of America abruptly and without substantiated cause closed two [commercial credit accounts] ending in [XXXX] and [XXXX]. The banks only response, dated [XXXX  XXXX, XXXX], admits 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 existed.\n\nThe undersigned, as Trustee of a [lawfully perfected private estate trust], issued [Gold Clause Check XXXX  XXXX] on XXXX XXXX XXXX, in the amount of XXXX as full and final settlement of all alleged liabilities associated with the [commercial accounts]. This payment was tendered pursuant to established law, includingXXXXt[31 U.S.C.  5118(d)(2)]  Payment in lawful gold clause instrumentsXXXX[12 U.S.C.  411]  Redemption in lawful money\n\t[UCC  3-311]  Accord and satisfaction of disputed obligations\n\n\n\t[UCC  3-501]  Presentment and dishonor upon failure to respond\n\t[UCC  3-603]  Discharge by tender of full amount\n\t[UCC  9-625]  Remedies for secured party upon unauthorized impairment of collateral\n\nBank of America received the negotiable instrument by [Certified Mail] ([Tracking #: XXXX XXXX XXXX XXXX XXXX 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 lawXXXXBank 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].XXXX XXXX XXXX XXXXBank of America issued a written response under Case #XXXX, stating:\n\nAll of the account details we reported are accurate. We have completed our research and consider your dispute resolved.\n\nBank of America further instructed the Trust to contact XXXX, XXXX, XXXX, and XXXX, confirming that BOA isXXXXThe active reporting party,XXXXPublishing discharged debt to third parties,XXXXRefusing to retract or verify,XXXXAnd ignoring all prior lawful demands.XXXXThis constitutes continued commercial harm, fraudulent publication, and willful misrepresentation, actionable under:XXXX[15 U.S.C.  1681s-2(b)]  Failure to investigateXXXX[15 U.S.C.  1692e(8)]  False communication to third partiesXXXXUCC  3-603], [ 3-505]  Discharge and dishonoXXXXt[UCC  1-308]  Reservation of rightsXXXXt[Blackstones Commentaries (1765)]  Equity doctrines of estoppel and defaultXXXXTHIS COMPLAINT DEMANDS LAWFUL ANSWERS TO THE FOLLOWINGXXXX1. Is Bank of America in possession of [Gold Clause Check GCC 0047], and why has it not been credited or returned?XXXX. Is BOA demanding anything other than [lawful money or securities], contrary to [31 U.S.C.  5118]XXXX Where is the original [OC-10 contract] with [wet-ink signature] proving lawful agreement with the Trust?XXXX4. Has any consideration ever been transferred to the Trust?\XXXX5. Has BOA received [insurance, CDS proceeds, indemnity, or securitization revenue] while also attempting to collect?XXXXLEGAL DECLARATIONSXXXXThis matter involves [commercial accounts] subject to [Uniform Commercial Code] enforcement. The Trust, as [Secured Party Creditor], holds a [perfected security interest] in the legal person associated with said accountsXXXXBank of Americas continued silence and evasion constitutes total commercial defaultXXXXEquity suffers not a right to be without a remedy.  [XXXX XXXX XXXXXXXXA party who accepts the benefit must also bear the burden.  [XXXX  XXXX, XXXXXXXXNOTICE:XXXXBank of America has [Ten (10) Days] to respond within this CFPB portal withXXXXtOriginal wet-ink contracXXXXtVerified proof of claim\n\tFull commercial accountingXXXXtDisclosure of all third-party compensation or dischargeXXXXFailure to respond with specificity will result in:\n\n\tFinal dishonor\n\tExecution of UCC lienXXXXPrivate tort claim for damagesXXXX\tAnd permanent publication of default recordXXXXRespectfully submitted on behalf ofXXXX  XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX 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