It is important to be able to know how to
investigate a bank. There are many things you should know
about before you either accept a loan or put your money there:
- Are they really loaning you
"their" money, or someone else's money?
- What is their financial condition?
Here is a trail for a Bank in Michigan.
This is quick, easy, and most helpful to find out WHO is the bank and WHAT
can the bank do or NOT DO. We have found the banks are not listed in docs
much by the feds, however the Banks HOLDING Company's are. The banks
Holding Company is the parent co that has all the associations,
incorporations, by-laws, oaths, directors, etc. Go to these and use this
as a reference to find out some info on a bank of your choice.
1. FDIC Search Page: http://www2.fdic.gov/idasp/main.asp
2.First page of Bank searching:
http://www2.fdic.gov/call_TFR_Rpts/toccallreport1.asp?
pInstitution=HUNTINGTON+National+BANK&pSQL=SELECT+%2A++
FROM+INST%5FCURR++WHERE++INSTNAME+LIKE+%27%25HUNTINGTON+
National+BANK%25%27++And+ACTIVE+%3D+%27Y%27++order+by+INSTNAME+
&pcmbQtrEnd=09%2F30%2F2003&pas_city=&pcmbState=ANY&pCert=6560&prdbNameSearch=&pDocket=0
3. RC-B Sheet
http://www2.fdic.gov/call_TFR_Rpts/09302003/31/31RC-B.asp?pCert=6560
&pDocket=0&pcmbQtrEnd=09%2F30%2F2003&paddr=17+SOUTH+
HIGH+STREET++++++++++++++++++++++++++++++++++++++
++++++++++++++&pCity=COLUMBUS++++++++++++++++++++++&pStalp=
OH&pzip5=43216&pInstitution=The+Huntington+National+Bank++++++++++++
++++++++++++++++++++++++++++++++&pSQL=SELECT+STAMP%5FDATE+FROM+
CAL%5FUNV+WHERE+CERT+%3D+6560+and+REPDTE+%3D%2709%2F30%2F2003%27
I am sorry but I have a home equity loan with these folks yet under
section 5 they are not reporting having ANY HOME EQUITY loans. What is
this all about your honor? It does however state they are serving loans
for others. Who are these others? I was not told this. They told me they
gave me THEIR money. It shows they do have loans issued FOR OR ON BEHALF
OF FNMA GNMA or FNMA and FHLMC. How
nice.
4. NIC for Federal Reserve for the complete
description of Institution:
http://132.200.33.161/nicSearch/servlet/NICServlet?REQ=DOM&MODE=
ATTR&al_inp_date=20040102&al_idrssd=12311&al_date=99991231
5. RC-S Sheet:
http://www2.fdic.gov/call_TFR_Rpts/09302003/31/31RC-S.asp?
pCert=6560&pDocket=0&pcmbQtrEnd=09%2F30%2F2003&paddr=
17+SOUTH+HIGH+STREET++++++++++++++++++++++++++++++
++++++++++++++++++++++&pCity=COLUMBUS+++++++++++++++++
+++++&pStalp=OH&pzip5=43216&pInstitution=The+Huntington+National+
Bank++++++++++++++++++++++++++++++++++++++++++++
&pSQL=SELECT+STAMP%5FDATE+FROM+CAL%5FUNV+WHERE+
CERT+%3D+6560+and+REPDTE+%3D%2709%2F30%2F2003%27
This one they admit to being SERVICERS for others. Who are the others and
do the customers know this? False advertising or maybe deceptive trade
pratices come to mind. Also will prove that BANK is really a debt
collector hence Fair Debt Collection Pratices Act DOES apply!!!!
7. Condition and Income Report, Thrift
Financial Report (FDIC):
http://www2.fdic.gov/call_TFR_Rpts/09302003/31/31rc-t.asp?
pCert=6560&pDocket=0&pcmbQtrEnd=09%2F30%2F2003&paddr=
17+SOUTH+HIGH+STREET+++++++++++++++++++++++++++++
+++++++++++++++++++++++&pCity=COLUMBUS++++++++++++
++++++++++&pStalp=OH&pzip5=43216&pInstitution=The+Huntington
+National+Bank+++++++++++++++++++++++++++++++++++++++
+++++&pSQL=SELECT+STAMP%5FDATE+FROM+CAL%5FUNV+
WHERE+CERT+%3D+6560+and+REPDTE+%3D%2709%2F30%2F2003%27
Now this page makes sense now since they are ONLY ACTING in a
fiduciary capacity. (servicers)
I know the OCC will send you the BANK
HOLDING COMPANY'S Articles of Association and By-Laws to prove what this
specific bank can and can NOT do. We are getting this info back when a
FOIA or Privacy Act is done on the Holding Co and not the bank to the OCC.
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