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Banks calling in Ag loans ?
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Kooiker
Posted 3/17/2023 11:53 (#10144619 - in reply to #10144307)
Subject: RE: Banks calling in Ag loans ?



KRM - 3/17/2023 08:53 There is more to the story (loan currently past due, loan fixed rate terms has ended and is now variable, customer has another request etc that requires refinancing). A note is a contract and yes, all the fine print is there to protect the bank, but unless the customer has "violated" the contract then the bank can't really just change the terms. I'm not saying there aren't SOME banks in trouble and doing shady things, but a blanket statement that "Banks calling in Ag loans" is irresponsible.




Lots of the fine print is very much open to interpretation by the bank.   

Of the ones I've read thoroughly, I don't think there is any loan that the bank couldn't call in based on the fine print on the back of the "contract".


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