The Notice of Intent Was Not Accepted By The Bank
We rarely see a denial to add a Notice of Intent to the bank account. If this occurred, a bank manager most likely sent the paperwork to their team of lawyers. The banks (or their attorneys) don't have to accept the Notice of Intent to Redeem in Lawful Money. Do not close the account. It's a NOTICE of intent, not a demand/request. Those lawyers are most likely aware that lawful money stops the bank's ability to fractionalize on deposits (thus making money from thin air) and denied the request for this reason.
Remember, all checks or receipts of direct deposit signed will count as all the proof needed for the IRS that lawful money redemption occurred. The notice of intent is just extra "insurance" so that everyone (mainly the bank) knows what is going on.
As seen in the image below, the attorneys are correct that the Notice of Intent "...neither creates any new legal duties... nor does it modify or amend any existing duties..." because the US Code makes it clear what their duties were before this document was handed to them. While the reply is quite aggressive in calling a notice of one's intent "legal gobbledygook" and "patently ridiculous", in most cases this is because their ability to fractionalize on the account is now gone [and lawyers are meant to be a Pitbull for the banks].
NOTE: If this Notice of Intent and the date it was given to an agent or principle is found by the IRS, and the bank continues to fractionalize on the account, the IRS can levy their insurance policy.
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