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no they can't
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∙ 12y ago
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Can you deny a bank loan after receiving the check?
Yeah, if you do, the bank would issue a stop payment on the cheque. If you try to deny after encashing the cheque the bank would file a legal case against you
Is a bank loan an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Can a felony affect you getting a home loan?
no because that has nothing to do with you having money
Why is a bank loan a financial asset?
The only way that a bank loan can be an asset is if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Answer 1: A Bank loan is an asset for the bank because it is money that a customer will repay. Any instrument in which money will be received can be considered an asset. In case of a loan, it is an asset to the bank and a liability to the person who borrowed the money
Can a bank give a mortgage commitment for a purchase of a home if the title to the home is not cleared?
Most banks will give potential borrowers a loan commitment, even if the title is not clear because the banks reserve the right to deny final approval and funding of the loan if the title is not cleared by the time of the closing. A loan commitment does not mean much else than that the bank is willing to lend money to the borrowers based on their credit history and financial status -- not that the home is ready to be transferred and the bank will participate in it.
Can you deny a bank loan after receiving the check?
Yeah, if you do, the bank would issue a stop payment on the cheque. If you try to deny after encashing the cheque the bank would file a legal case against you
Can a Bank decline a loan if I received verbal approval from banker then afterward due to felony decline the approval. The felony has nothing to do with anything financial and is over 16yrs old.?
A bit more Info. I received Certificate of Rehabilitation and Governors Pardon is processing. Excellent credit and loan was partial backed by SBA. Banks policy and Not SBA's policy. I have the recorded transcript where they clearly deny me on grounds of being a ex-Felon. Business loan for business use only.
Is a bank loan an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Is a bank an asset or liability?
It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.
Can a felony affect you getting a home loan?
no because that has nothing to do with you having money
Why is a bank loan a financial asset?
The only way that a bank loan can be an asset is if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Answer 1: A Bank loan is an asset for the bank because it is money that a customer will repay. Any instrument in which money will be received can be considered an asset. In case of a loan, it is an asset to the bank and a liability to the person who borrowed the money
What is easier to pay car loan or bank loan?
bank loan
Can a bank give a mortgage commitment for a purchase of a home if the title to the home is not cleared?
Most banks will give potential borrowers a loan commitment, even if the title is not clear because the banks reserve the right to deny final approval and funding of the loan if the title is not cleared by the time of the closing. A loan commitment does not mean much else than that the bank is willing to lend money to the borrowers based on their credit history and financial status -- not that the home is ready to be transferred and the bank will participate in it.
Can you get a student loan with a felony?
It may be more challenging to get a student loan with a felony on your record, but it is still possible. Your eligibility will depend on the type of felony, how recent it was, and if you have completed your sentence. You may need to explain your situation and demonstrate that you have taken steps to rehabilitate yourself.
How can you be an asset to the bank?
If you take a loan from the bank, then you become an asset to the bank. That is because, you owe money to the bank and the bank has all rights to take the money and the interest that you are supposed to pay for the loan from you. So any kind of money that is to be received by anyone is an asset and so similarly, a loan that people will pay back to the bank will be an asset to the bank.
Why bank gives loan?
Akhil Lakhan Says:- Bank gives loan because they are the professionally financial institutions whose main aim to earn profits.
How can i get an automobile amortization loan?
I believe the easiest, most efficient way is to talk to a bank. They will have information on them, be able to either approve or deny you, and give you the basic information on what one is.
