Go Back To Search Results Question Remedies for poor bank accounting in commercial real estate loan. Any federal recourse ? The bank repeatedly doubled up the amount of interest reserve used each month and also doubled up the amounts of each construction draw. When the constuction funds and interest reserve ran out, the bank foreclosed and refused to correct their accounting even though we brought it to the attention of their construction specialist and the CEO. Are there any federal remedies like truth in lending for commercial loans ? By Posted on 07/12/09 Total Answers 2 Answers- of course; u may use the "new" http://info.appsecinc.com/PPCSarbanes.html?ldt=Whitepaper&ls=Yahoo%20PPC&lst=PPC&ld=Sox%20Compliance%20Brief&ls=Yahoo%20PPC&lst=PPC Sarbanes - Oxley Act i would sue them. you may sue them in federal district court or in superior court. keep me updated, will you plz!? Answer by : kemperk On Date 2009-07-12 16:24:13 Make sure you have all the documentation and file a complaint with the FTC. Answer by : Alterfemego On Date 2009-07-12 17:02:41   Go Back To Search Results