I believe that there are two variables in such an action.
The first is status and standing: Does a citizen of the corporate US actually have lawful recourse to fraud committed by a federally chartered corporation? Seems to me like an employee trying to take her emlpoyer to task for illegal corporate behavior in the corporation's own justice system. Can justice be found there? Not likely. Venue, or the proper law form is then important. Which law form gives you standing to claim rights? Do you know what all the unstated presumptions are about you and your relationship to the court and the defendant?
The second is knowing the corporate bylaws. I have read that all federally chartered banks are prohibited from lending on credit by there own charters. I have not witnessed this personally, but have met several people who claim to have walked into a courtroom with little more than the compliant and a copy of the corporate charter of the bank. The judge has no room to move at that point. It does not invalidate the contract, but reduces the borrower's liability to the principle of the loan only. If you had been paying principle of and interest on a 30 year loan for 15 years, you're probably done.
Sorry to hear it went so badly for you.
~ Engage in the war of attrition: http://pacalliance.us/redamendment/
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