Right of Rescission & Funding of Loan

Posted By: swiggles

Right of Rescission & Funding of Loan - 07/16/14 09:05 PM

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?
Posted By: swiggles

Re: Right of Rescission & Funding of Loan - 07/16/14 09:07 PM

Nevermind........found a thread about this topic.
Posted By: swiggles

Re: Right of Rescission & Funding of Loan - 07/16/14 09:15 PM

For anyone who is curious......this thread