Until you actually e-sign a tax
refund loan document, you are not under any obligation to continue the loan process.
Not exact matches
The Federal Truth in Lending Act ensures that all online tax
refund anticipation lenders disclose all rates or fees before requireing you to sign the
loan document, so you can proceed with confidence, knowing your rights are protected.
This may be required because we use your income to qualify you for the
loan so we won't need copies of your tax
documents and as a way to protect you in case your
refund is late or kept by the IRS for some reason.
If you don't receive your
refund by the tax
loan due date you can extend the
loan, however, we discourage extensions as they will incur another fee (you will initially get between 10 - 31 days to repay the tax
loan so read your
loan document carefully).
There were many copies of
documents to sign, and a few days more to wait before you received a check equivalent to your
refund with the fees and
loan interest already taken out.
The bank / lender must then take the necessary steps to indicate that the transaction is terminated by canceling
loan documents, filing the release / termination statements in the public record, and
refunding fees to the borrower.
Refund of Commitment Fees We hold the refundable
loan commitment fee without interest until after the
loan is closed and all required
documents and materials used in structuring the
loan (such as the recorded
documents, title policy and any other post-closing items) are received, reviewed and approved by us.