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Banking Questions & Answers
Q: What are benefits of Assignment Trust to Benefit Creditors in FL & IL for commercial loans in suit against banks?
1 Answer | Asked in Banking for Florida on Nov 30, 2010
Answered on Aug 10, 2015
Robert Jason De Groot's answer
That the creditors will get paid what is owed? Not enough facts here for much of an answer.
Q: If the Lender placed "lender paid mortgage insurance" what documents would disclose this information? On the TIL or HUD?
Robert Jason De Groot's answer
The affidavit of amount due would disclose this, usually, in a mortgage foreclosure case.
Q: What is the statute of limitations on filing a suit against a bank that released funds to someone not on the account?
Robert Jason De Groot's answer
The sol on a written contract here in FL is 5 years from the breach.
Q: I have been offered a SAM loan on my home but no-one at Ocwen will tell me about the balloon disclosure, can you?
Robert Jason De Groot's answer
A balloon mortgage must contain certain language, both at the top of the mortgage and right above the signature line. If the specific language is not included at both places, there is no balloon, basically.
Q: What is ablocked account ? and who can access it, who is a 2nd party and third parties
Robert Jason De Groot's answer
An account which has been blocked. What is the context here? What are the facts?
Q: If a person deposits a check not knowing it is no good, and the next day a check is cashed on that account by the bank,
Robert Jason De Groot's answer
The depositor.
Q: Can "A" and "B" (two partners in two countries) have a joint bank account with a specific share percentage to withdraw.
Robert Jason De Groot's answer
Whynot?
Q: Our company has closed an escrow and required the deposit back, but the escrow agent didn't pay a dime. What can we do?
Robert Jason De Groot's answer
More facts are needed here to provide an adequate response.
Q: I have documents proving my bank has illegally charged overdraft fees...how do i proceed to have them returned?
Robert Jason De Groot's answer
You know that you probably needed to go see an attorney about this, at least for a face to face conference.
Q: Fraudulent check how can i find out about a check that bounced that i did not know about back in 2009.
Robert Jason De Groot's answer
Read your question. What are you asking? Can you find out about this from your bank?
Q: CANCER – Is a personal charitable fundraiser legal in Florida?
Robert Jason De Groot's answer
My opinion is that you have to start a non-profit organization.
Q: What does A/A/F on a check mean
Robert Jason De Groot's answer
I do not know. Have you asked the bank?
Q: Someone redeposited the same check, using a scan two months later, and my bank allowed it
Robert Jason De Groot's answer
Did you try to resolve it with the bank three years ago?
Q: Can a bank hold your funds for over 30 days?
Robert Jason De Groot's answer
It usually only takes a little while to verify the funds.
Q: Is there an interest rate limit on business loans under $500,000 in Florida?
Robert Jason De Groot's answer
There should be, but it would require a lot of my time to find out precisely.
Q: Does Maryland financial institution section 1-304 applies to a subpoena issued from the state of FL.
Robert Jason De Groot's answer
I do not know enough facts to answer this question.
Q: I received a check that bounced. I spent required money on material and labor. What do I do? Am I at fault?
Julie A. Rice's answer
This is what I think you are asking: You spent money on material and labor and paid for this material and labor through your account thinking that you had sufficient funds b/c someone gave you a check. Later, the check bounced so you now don't have sufficient funds and your account is overdrawn. The best thing to do is to go to the bank and sit down with a service representative and explain the situation and see if they will reverse charges for the account being overdrawn and then you will...
Q: Safe Deposit Box Missing.Should I hire a bank lawyer for my legal representation?
Robert Jason De Groot's answer
See what the bank says. You might want to hire an attorney now.
Q: I received a check from my tenant, I cashed, but after few days he reported as fraud. can the bank take the money back?
Robert Jason De Groot's answer
More facts are needed to answer your question. The best thing to do is go see an attorney and have a full discussion.
Q: who gets the money in a bank account on joint accounts when one of the persons on the account dies?
Mr. James Parrish Coleman's answer
This depends on what the signature card at the bank says. Most of the time, the signature card on a joint account will say that the parties signing on the account are joint tenants with a right of surviorship, but not always. A person could be merely an additional signatory on an account with no ownership. Look at the bank document. However, most of the time the document at the bank will show that the two signatories are joint owners. Then, the balance legally belongs to the surviving...