Consumer complaint received 2025-01-28 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Struggling to pay mortgage — Foreclosure
Company: ALLIANT CREDIT UNION
State: CO

Complaint narrative:
Complaint to Alliant Credit Union via CFPB Portal Subject : Request for Remedy : Delivery of Lawful Dollars Represented by XXXX FRNs  Loaned on XX/XX/XXXX Dear Alliant Credit Union, I am submitting this complaint to request the delivery of XXXX lawful dollars in the form of XXXX XXXX and XXXX XXXX, which were represented by the XXXX Federal Reserve Notes ( FRNs ) loaned to me by Alliant Credit Union on XX/XX/XXXX. My request is based on the constitutional and statutory definitions of lawful money, the legal tender provisions, and the unconstitutional revocation of FRN redeemability in XXXX  and XXXX. 

1. Federal Reserve Notes as Legal Tender and Their Conditional Nature Federal Reserve Notes are classified as legal tender under 31 USC 5103, which states : " United States coins and currency ( including Federal Reserve Notes ) are legal tender for all debts, public charges, taxes, and dues. '' This legal tender status was conditionally granted under the Federal Reserve Act of 1913, which allowed FRNs to function as valid representations of lawful money because they were originally redeemable in XXXX  and XXXX. Redeemability ensured that FRNs represented tangible value in the form of gold and silver coinage, satisfying constitutional requirements. 

2. The Unconstitutional Revocation of Redeemability In 1933 ( domestically ) and 1971 ( internationally ), the U.S. government severed FRNs from their backing by gold and silver, rendering them irredeemable. These actions violated the Constitution for the following reasons : Article I, Section 8 grants Congress the power to " coin Money '' and regulate its value, but it does not authorize the issuance of irredeemable XXXX currency. 
Article I, Section 10 explicitly prohibits states from making " any Thing but gold and silver Coin a Tender in Payment of Debts. '' Unconstitutional Authority : No president, Congress, or judiciary has the power to nullify or suspend the Constitution by decree. Any attempt to revoke the redeemability of FRNs without a constitutional amendment is null and void. 
The severance of FRNs from gold and silver backing transformed them into unsecured XXXX currency, violating the principles of lawful money and the original conditions of their issuance under the Federal Reserve Act. 

3. Distinction Between Lawful Money and Functional Money The Government Printing Offices Style Manual XXXX clarifies the distinction between lawful money and functional money, stating : " Federal Reserve Notes are not dollars but are obligations of the United States. '' Lawful Money : Defined as tangible units of value tied to specific weights of gold and silver, such as XXXX XXXX and XXXX XXXX, which are explicitly listed in 31 USC 5112 ( a ). 
Functional Money : Federal Reserve Notes, as debt instruments, were intended to represent claims on lawful money. Without redeemability, they fail to satisfy this purpose. 
XXXX XXXX and XXXX XXXX are the only current forms of lawful money minted by the U.S. government and should be used to satisfy obligations in dollars. 

4. Request for Remedy As a recipient of a loan from Alliant Credit Union on XX/XX/XXXX, I request the delivery of XXXX lawful dollars in the form of XXXX XXXX and XXXX XXXX, based on the statutory definitions of a dollar : Gold Dollar Equivalent : XXXX XXXX = XXXX XXXX XXXX XXXX ( XXXX oz, {$50.00} face value each ). 
XXXX XXXX XXXX : XXXX XXXX = XXXX XXXX XXXX XXXX ( XXXX oz, {$1.00} face value each ). 
This calculation adheres strictly to the statutory definitions of lawful money and is not influenced by fluctuating market rates. 

XXXX. Interim Request : Audited Financial Balance Sheet As an interim step, I request that Alliant Credit Union provide an audited financial balance sheet demonstrating : That Alliant possessed the equivalent amount of lawful dollars ( XXXX XXXX and XXXX XXXX or other gold and silver coinage ) on its books prior to issuing my loan. 
That Alliant moved the equivalent amount from assets to liabilities upon the issuance of my loan. 
This documentation is essential to verify that the loan was backed by lawful money, as required by the Federal Reserve Act and constitutional principles. 

6. Justification for This Request Backing of FRNs : As securities, FRNs derive their legitimacy from their status as claims on lawful money. Without redeemability, they fail to meet the constitutional and statutory requirements of value representation. 
Unconstitutional Actions Can not Be Upheld : The revocation of FRN redeemability violated constitutional mandates and must be regarded as unlawful. 
XXXX XXXX and XXXX XXXX : These coins are explicitly defined as lawful money in 31 USC 5112 ( a ) and represent the standard for fulfilling dollar-denominated obligations.

Company response to consumer: Closed with explanation