Wixom v. Union Savings Bank

Sylvia S. Hendon, Judge.

{¶ 1} Plaintiff-appellant, William Wixom, has appealed from the trial court’s entry of summary judgment in favor of defendant-appellee, Union Savings Bank. For the following reasons, we affirm the trial court’s judgment.

I. Background

{¶ 2} Wixom refinanced his home mortgage through Union Savings Bank: more specifically, he borrowed funds to pay off an existing mortgage on his principal residence. Wixom was charged interest on his loan from the date of closing, although the proceeds of the loan were not disbursed until three days after the closing under a mandatory…