close
    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.

    +1  Views: 1814 Answers: 1 Posted: 13 years ago

    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.


    Top contributors in Business & Finance category

     
    ROMOS
    Answers: 97 / Questions: 0
    Karma: 4305
     
    Colleen
    Answers: 215 / Questions: 0
    Karma: 4020
     
    Benthere
    Answers: 1 / Questions: 0
    Karma: 1905
     
    Ducky
    Answers: 35 / Questions: 0
    Karma: 1890
    > Top contributors chart

    Unanswered Questions

    sumvippro
    Answers: 0 Views: 4 Rating: 0
    sumvippro
    Answers: 0 Views: 5 Rating: 0
    sumvippro
    Answers: 0 Views: 7 Rating: 0
    bong88wiki
    Answers: 0 Views: 8 Rating: 0
    bong88wiki
    Answers: 0 Views: 5 Rating: 0
    bj888cafe
    Answers: 0 Views: 9 Rating: 0
    > More questions...
    484815
    questions
    724278
    answers
    814961
    users