toxicmolotof
2017-10-31 14:52:08
- #1
The bank usually notes what the loan is for. It would be the same for the renovation of the property.
I wouldn't rely on that. Especially since it is not "proof."
It could also say Ferrari and it was used for house renovation. Or it says renovation and a Ferrari was bought. If it is about collateral security, the bank doesn't care at all.