Legal Question in Banking Law in Arizona
Shouldn't charges for loan be disclosed in promissory note?
I took a loan from a private lender, the amount of the loan
was more than the amount I asked for. When I questioned it
I was told the rest was for the amount charged for the loan.
No where in the deed of trust assignment of rents and the
promissory installment note does it state those charges.
So it appears on the paper work that I recieved twice the amount of the loan than what I actually got.
Shouldn't the charges to do the loan be stated in these
documents?
Asked on 2/28/06, 2:32 am
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Shouldn't charges for loan be disclosed in promissory note?
Yes. Call or e-mail for further assistance.
Answered on 2/28/06, 7:13 am
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