This is relative to the previous question: "Mysterious Payment: Is It Mine?". I actually paid the loan off and I have a free and clear MO title. I also have a notarized lien waiver stating that I have fulfilled my obligations in accordance with the loan agreement that I signed. If the truck is already gone and I have a lien waiver, does the bank have to draw up a new loan agreement? The bank simply wants me to keep paying on the loan as if nothing happened and they ignore me when I ask for a simple explanation.
It can be assumed that the deposit was found to be in error and the bank wants the money back. There is a thing called "undue enrichment" which basically means you can't benefit from the mistake of others. The bank simply wants what is owed them, and it depends on what you have from the bank as to how strong an argument you could make to resist paying the money.
Comment cannot be made on the reversal of a contract they already said was paid. Because of the title release they would have an unsecured loan. A demand for collateral would be weak. As bankers, we'd say be a sport and pay them what is owed, but only what is owed. If you want a new loan agreement, tell them so. As long as you intend to pay, they should be happy.
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It can be assumed that the 