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    3. Are FDIC insured banks in Iowa required to make construction loan inspections before draws?
    Are FDIC insured banks in Iowa required to make construction loan inspections before draws?

    My question is regarding a construction loan that was made to build a hotel. When I built my house, the bank would not release periodic money until they inspected the work, in order to insure that the
    work was actually done.

    Answer this
    +1  Views: 1825 Answers: 1 Posted: 13 years ago
    Tags: construction loans
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      1 Answer

      I should think that this would be the norm with any bank, in order to be sure the money was going for actual work done.
      13 years ago. Rating: 0
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