Refinance - Interest during 3 day rescission period
What is the name of your state (only U.S. law)? Ohio
I am finalizing a refinance loan with a Savings & Loan bank. They told me during signing that I would be charged interest on the new loan starting from the day I signed including the 3 day rescission period. After the signing I got online and found information from HUD saying that banks cannot do that and sent him an email. He is telling me that his bank can do that. He is saying that it is a "Savings and Loan" thing. This information was not disclosed in any way ahead of signing. I had to ask a string of very specific questions to even find out they were going to charge me.
Can they legally charge me interest during the rescission period?