The question
Obtained a personal loan for a retailer to build a park model rv for me. The bank sent full payment of my loan to the retailer to begin. Retailer did not send bank the mco and title of the rv with 90 days and therefore retailer is in breach of agreement on paper work from bank. In fact, retailer never built the park model rv. The bank said I may now cancel the loan as they address this situation with retailer. Will my personal credit be restored immediately or not until bank goes after retailer to obtain the loan full amount.