Consumer complaint received 2025-03-05 00:00:00
Product: Mortgage — FHA mortgage
Issue: Closing on a mortgage — Trying to communicate with the company to fix an issue with the loan closing
Company: U.S. BANCORP
State: ID

Complaint narrative:
Details : Notice to Agent Is Notice to Principle / Notice to Principle Is Notice to Agent Lender Name : U.S.Bancorp Mailing Address : XXXX XXXX XXXX XXXX, MN XXXX Banking Subsidiary : U.S.Bank Mers MIN : ( XXXX ) ( XXXX ) Account Number : # XXXX Loan Amount : {$220000.00} Loan Date : XX/XX/XXXXXXXX  Board of Direction : XXXX XXXX XXXX XXXX, XXXX, XXXX ) XXXX XXXX ( XXXX ) XXXX XXXX XXXX XXXX Board Member ) XXXX XXXX XXXX Board Member ) XXXX XXXX XXXX XXXX XXXX XXXX / XXXX Phone Number : XXXX Subject : Request for Remedy : Delivery of Lawful Dollars Represented by Federal Reserve Notes Dear XXXX XXXX , I am submitting this complaint to request the delivery of lawful dollars in the form of XXXX XXXX  and XXXX XXXX to fulfill the obligations represented by the Federal Reserve Notes ( FRNs ) loaned to me. 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 gold and silver. 
Additionally, I demand that if the FRNs loaned to me were not adequately secured by lawful dollars or if lawful money can not be delivered as defined under U.S. law, all legal and financial actions against this account XXXX must be resolved in my favor. 
" Ignorance of the law is no excuse. '' This legal principle, known as ignorantia juris non excusat, means that a person can not escape liability for violating a law simply because they were unaware of it. Its a fundamental concept in legal systems worldwide to ensure accountability and prevent people from avoiding consequences by claiming ignorance. 



1. Federal Reserve Notes as Legal Tender FRNs 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 status was conditionally granted under the Federal Reserve Act of 1913, which required FRNs to be redeemable in gold and silver. Redeemability ensured that FRNs represented tangible value, satisfying constitutional requirements. Without this redeemability, FRNs fail to meet the original conditions of lawful tender. 

2. The Unconstitutional Revocation of Redeemability The U.S. government revoked the redeemability of FRNs in gold and silver in XXXX ( domestically ) and XXXX ( internationally ), violating the following constitutional provisions : Article I, Section 8 grants Congress the power to " coin Money '' but not to issue irredeemable XXXX currency. 
Article I, Section XXXX prohibits states from making " any Thing but gold and silver Coin a Tender in Payment of Debts. '' No president, XXXX, or judiciary has the power to nullify or suspend these constitutional mandates without an amendment. As a result, FRNs became unsecured XXXX currency, undermining their validity as lawful consideration in financial transactions. 

XXXX. Lawful Money vs. Functional Money According to the Government Printing Offices Style Manual XXXX : " Federal Reserve Notes are not dollars but are obligations of the United States. '' Lawful Money : Tangible units of value tied to specific weights of gold and silver, such as XXXX XXXX and XXXX XXXX, explicitly defined in XXXX XXXX XXXX ( a ). 
Functional Money : FRNs were intended as claims on lawful money, but without redeemability, they fail to fulfill this purpose. 
XXXX XXXX and XXXX XXXX remain the only forms of lawful money minted by the XXXX government and represent the standard for satisfying dollar-denominated obligations. 



XXXX. Request for Remedy I request the delivery of lawful money equivalent to the loan amount, calculated as follows : Gold Dollar Equivalent : Loan Amount XXXX = [ XXXX XXXX XXXX XXXX XXXX XXXX XXXX ( XXXX oz, {$50.00} face value each ). 
Silver Dollar Equivalent : Loan Amount XXXX = [ XXXX XXXX XXXX XXXX XXXX XXXX XXXX ( XXXX oz, {$1.00} face value each ). 

Let 's break it down : The Gold Dollar Equivalent is calculated as : Loan is {$220000.00} XXXX = XXXX XXXX XXXX XXXX The Silver Dollar Equivalent is calculated as : Loan is {$220000.00} XXXX = XXXX XXXX XXXX XXXX So, the missing values are : Gold Eagles Amount : XXXX Silver Eagles Amount : XXXX As of XX/XX/XXXX, the market values of XXXX XXXX XXXX XXXX XXXX and XXXX XXXX XXXX XXXX XXXX coins are approximately {$3100.00} and {$28.00}, respectively. 
This means that : These values reflect the current trading prices for these coins based on the market demand for gold and silver as of XX/XX/XXXX. 
Let 's break it down using the market values provided : XXXX XXXX XXXX XXXX XXXX = {$3100.00} XXXX XXXX XXXX XXXX XXXX = {$28.00} Gold Equivalent Calculation : Your loan amount : {$220000.00} XXXX XXXX required : XXXX XXXX = XXXX coins Market value of XXXX Gold Eagles : XXXX {$3100.00} = {>= $1,000,000} Silver Equivalent Calculation : Your loan amount : {$220000.00} XXXX XXXX required : XXXX XXXX = XXXX coins Market value of XXXX Silver Eagles : XXXX {$28.00} = {>= $1,000,000} Key Takeaway : The market value of the coins today is significantly higher than the loan amount. 
If you were repaid in XXXX Eagles, you would receive over {$14.00} XXXX worth of gold. 
If you were repaid in XXXX Eagles, you would receive over {$6.00} XXXX worth of silver. 

This highlights how precious metals hold their value over time compared to XXXX currency. 
bullionbypost.com These calculations demonstrate that the current market value of these coins significantly exceeds the original loan amount. 

**These calculations adhere strictly to statutory definitions of lawful money and are not influenced by fluctuating market rates. 


XXXX. Request for Documentation I also request an audited financial balance sheet demonstrating the following : XXXX. That the XXXX possessed the equivalent amount of lawful dollars ( gold or silver coinage ) on its books prior to issuing the loan. 
XXXX. That the equivalent amount was moved from assets to liabilities when the loan was issued. 
This documentation is critical to verify that the loan complied with constitutional and statutory principles. 

XXXX. If Proof or Remedy Can not Be Provided If the Lender can not : XXXX. Provide proof that the loaned FRNs were adequately secured by lawful money, or XXXX. Deliver the equivalent amount of lawful dollars in XXXX XXXX and XXXX XXXX, Then I demand the following : Immediate removal of all lawsuits or claims against me related to this loan. 
Full discharge of the loan balance and transfer of the collateral ( e.g., title ) free and clear. 
Removal of any negative credit reporting or adverse financial actions.

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 non-monetary relief