3 ms·
but once the bank has made the loans, it has to keep track of how many it has made and how many are delinquent. i could be missing something.
by fatneckbeard 4y ago
but once the bank has made the loans, it has to keep track of how many it has made and how many are delinquent. i could be missing something.
- CraigJPerry 4y agoYeah of course, but that's not the point the parent was contesting. They claimed a bank loans from funds deposited which isn't the case. If a bank chooses to create an asset (your liability) by loaning money to you, if you then fail to repay, then they're in a bad spot. They're certainly not allowed to just delete the records of the loan being issued to get rid of the delinquent asset on their balance sheet.