Consumer complaint received 2023-06-29 00:00:00
Product: Mortgage — FHA mortgage
Issue: Trouble during payment process — 
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: FL

Complaint narrative:
Bank of America Their attorney ( XXXX means XXXX and XXXX ) Their lawyer ( XXXX means XXXX ) XXXX XXXX XXXX name XXXX XXXX XXXX I wrote a letter telling Bank of America they did not give me a loan they gave me a credit swap from my XXXX XXXX XXXX ( in French means bank account. 

They gave me a fee simple title which means XXXX title where bank can steal houses back so they can sell it. 

Daly vs bank of montgomery 1969 also called the credit river decision. A jury decision showed that the bank put nothing up of equitable value for the loan ( credit swap ) .in legal language this is called consideration.The federal reserve bank and other banking institutions organized under their system never gives anything of equitable value in exchange for promissory notes for mortgage contracts they obtain. This is important when this determination is made by the jury it stands out. Daley forced the bank many to admit under examination that the money was created in a ledger book. Basic book keeping entries. Sounds like fraud to me. This was created by the bank entering numbers in a ledger and the credit is based on the borrowers own assets not the banks assets. The bank manager in the Daly case admitted under oath admitted this was the practice of the federal reserve banking system. Sounds like fraud to me. The book called money modern mechanics from federal reserve states banks cant loan money. Hummm. Banks take your signature promises to pay and exchanges them for credits. New deposits creates new revenue for the banking system. The bank is investing the money and putting nothing up of its own. XXXX XXXX stated that no law or statue gave the permission to do so. A lawful consideration must exist and tender to support the note. Everytime you borrow money from a bank car loan, morgage, credit card etc. the note is null and void because the bank put nothing up of value. The bank never had the money to begin with.

This is important because all banks are members of the federal reserve system. There is no excuse for any foreclosure that happened in America since 1968. The lenders institution operate under te federal Reserve fraudulent systems. Daly case proved we had no value given and no valid contract ever existed as a result. 

The case # XXXX all banks use te The same fraudulent system today. The Daly case proved banks can not be saved again. We just proved we never had any physical cash trade hands at all. The bank always does not represents themselves properly. The bank will file our own funds and write a check back to is ( credit swap ). This created a illusion that they gave us a loan of their own assets. Do banks pay taxes on the loan? No this proves the banks was never the owners of the properties. 

By : XXXXXXXX XXXX  : XXXX ; Beneficiary XXXX Bank of America Respond to the consumer finance company Not me I also have affadavid of all debts prepaid.

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