SMARTFINANCESOLUTIONS.NET - Does each state have a set of Borrowers Rights when it comes to Loans?

Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Does each state have a set of Borrowers Rights when it comes to Loans? - My bf and his father had a business together, but the business was dissolved back in April. There had been an equipment loan taken out for a piece of machinery needed for the business. My bf has since started his own business and after his father walked away and filed personal bankruptcy my bf has struggled to make payments on the equipment. My question is the bank that holds the loan is being somewhat shady. Every time he makes a payment and asks for a confirmation he gets an email saying yep we got it. However there has been several occasions where the debit has not posted to his account till he contacts them again. He has asked numerous times for a detailed statement showing his payment and what it is being applied to , just like you get on a vehicle. They don't show anywhere what amounts are getting applied to Interest, Principal etc. He has asked to speak to the reps manager, but was told she is the only one who handles such accts. What rights do we have as borrowers? Doesn't the lender have to provide this information? Also my bf does not even posses the loan documents and they have refused to send them. The loan is still in the name of the dissolved business as well. Any info. will be appreciated. Thank you. We live in MI and the bank is located in CO. -