Yes, after the later of the loan application or the giving of a constitutionally specified notice, lenders and borrowers must wait 12 days before loan papers can be signed, and there is an additional three-day right of rescission period before funds can be disbursed. This cooling off period allows borrowers time to review all aspects of the equity loan.
Reminder
Texans Credit Union will never call you and ask for private information, such as your digital banking username and password, PIN, or Social Security Number. If you receive a call like this, please hang up and call us directly at 972.348.2000.
