Nairobi, Aug. 17 -- Courts are increasingly scrutinising the calculation of disputed mortgage and loan repayments, requiring banks to explain interest, charges, payments, credits and balances.

In some cases, courts are also ordering formal taking of accounts or independent audits to establish the correct amount owed after disputes arise over interest variations, penalties, fees, charges and alleged overpayments. A formal taking of accounts is a judicial process where a court, auditor, or appointed official compels a fiduciary (such as an executor, trustee, or administrator) to present a detailed, verified report of financial transactions, asset management, and estate or trust administration.

It is, however, not just banks on the receivi...