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Originally Posted by freddymo
I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue
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you need to read the update about the horse-it explains why there was a payout. i received a payout on a car that was 'totalled'. i paid back the $100 salvage fee and kept the car on the road (insurance purposes for teens). if the bank didn't require it at the time of the policy being written, they can't retroactively go back and claim it now. 5/3 may want out of equine lending, but they're leaning heavily on wanting loans paid NOW, and are seeking to force their customers to pay in full. sounds to me that the bank may have the issue, not the customer.