If a bank fails, what happens to an existing loan at that bank? Can it be called, and would we be forced to pay the full amount at once?
If you are making your payments as scheduled, your loan is an asset of the bank. In most cases these are sold to an acquiring bank. In some cases, the FDIC will manage them, but so long as you are doing what you are required to in your contract, your loan will not be called. Simply, some other entity will replace the bank and they must follow the terms of the contract as well.
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If you are making your payments as scheduled, your loan is an asset of the bank. In most cases these are sold to an acquiring bank. In some cases, the 