Thank you for your in-depth insights David Merrill! I appreciate the time you took to dissect the bank's letter.

I have made a few changes to my response which I'll be sending to the bank in the near future: Karl Nathan response to bank position - UPDATED.pdf.

The main changes were made to bullet point #3 clarifying what actions I am taking with the bank.

I also deleted the last and third to last paragraphs which I had initially included in my first draft: Karl Nathan response to bank DRAFT.pdf. I felt like they were not necessary at this point and would only be a distraction to the counterpoints I have made to the bank.

I realize the bank will most likely come back with more sophistry based on my response. I am pursuing this as a educational opportunity and nothing more. In the end, I believe I will need to serve the bank with a Notice of my demand for lawful money by way of a certified copy of the Notice, which I would have filed in the USDC, to resolve this matter.