Is there any situation in which banks or savings and loans can call in loans or mortgages in full?

Depends on the fine print.

No. They can sell the debt (at a discount) to another bank though which is a way to convert loans into cash.

They wouldn’t make very many loans if it was in the fine print, or large print, that they could demand their loan be repayed at any time for any reason.

I’ve never heard of it, but I guess it’s always good to read the contract. Maybe there are laws about it to protect consumers?

I did have a CD that suddenly the money was released before the maturity date. I guess in the fine print it said they didn’t have to wait until maturity. It surprised me since rates were higher when it happened.

You bet.

https://www.rocketmortgage.com/learn/loan-acceleration-clause

@SnipSnip that is for loans not CDs !

The Q is about loans.

@SnipSnip Well yes, but in your example, the borrower knows that when they sign the papers.

I was under the impression that the OP was asking if a repayment in full could be demanded willy-nilly, not because it was in the contract.

@smudges You think most people actually read their mortgage contract in full?

@smudges has it right. I was wondering since there’s so much going on now with the banks in California closing and the issue with the debt ceiling.

The banks very often sell the mortgages they lend. Unless, a bank did a portfolio loan for you. You get a notice that now you will be paying a different entity.

@Tropical_Willie The question specifically asked about mortgages and loans. Not sure why you are talking about CDs.

I brought up CD’s as an example of something that can happen at a financial institution that might surprise someone who doesn’t read the fine print.