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#1941846 - 07/16/14 09:05 PM Right of Rescission & Funding of Loan
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
At my prior bank, we did not start charging interest to the borrower until the borrower actually received the loan funds after the rescission period was over.

I don't think this is regulatory. Could it be state law? Should I post in the Texas forum?

Guidance anyone?
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Lending Compliance
#1941849 - 07/16/14 09:07 PM Re: Right of Rescission & Funding of Loan swiggles
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
Nevermind........found a thread about this topic.
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#1941853 - 07/16/14 09:15 PM Re: Right of Rescission & Funding of Loan swiggles
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
For anyone who is curious......this thread
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