Legal Question in Banking Law in Indiana
promissary note
can a bank after six years say they had an audit on your account and found out that you own them $5500.00 of interest due to there error and to refinance your account for another 10 years. what can be done about this and is it legal.
Asked on 11/07/02, 9:22 pm
1 Answer from Attorneys
John Bator
Bator Redman & Shive
Re: promissary note
Did they return the note stamped paid or provide other written releases of the debt? Was this a secured loan and did they release the collateral?
Depending on the facts, you have a defense, but I strongly recommend that you hire experienced bank counsel and get him/her involved asap
Answered on 11/08/02, 10:29 am
Related Questions & Answers
-
Power of Attorney Is it legal to appoint a person as POA for two different persons... Asked 10/28/02, 4:00 pm in United States Indiana Banking Law
-
Should I have to pay on overdfaft fee for someone else's bad check? I have a friend... Asked 10/23/02, 7:00 pm in United States Indiana Banking Law
-
Canceling a lease with in 24 hour of signing I just leased an automobile less than 6... Asked 9/30/02, 11:17 pm in United States Indiana Banking Law
-
Can a Bank really do that? My fiance is receiving disability checks.When he got his... Asked 8/05/02, 11:18 am in United States Indiana Banking Law
-
$8,000 Mistake My now ex-boyfriend was having money problems. My parents and I... Asked 7/09/02, 8:51 am in United States Indiana Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
