Here is an Oklahoma Opinion where a debtor attempted to set forth several of the "no money lent" defenses. He gets slammed pretty hard.
OSCN Found Document:Local Federal Sav. and Loan Ass'n v. Burkhalter
"Defendants also contend that the bank upon which the check was drawn materially misrepresented facts when it stamped the check paid as it only transferred the "bookkeeping entries" from its account to the account of the party to whom the check was issued, and that this was a fraud because no "dollars" were actually paid out to anyone."