Tamra - speak with an attorney about this. Sounds funny to me too. Esp. the part where they won't release your transcripts.
As I have learned - read the fine print first, and don't let them hurry you!! If it's as good as they say, it will still be there in a few days. And if you don't understand something, ASK at least 2 totally different people. If they agree with each other, their answers are probably good advice. Go to your bank when it's not very busy, and ask someone for if they have time to help. Or call your local bar (legal/attorney) association.
Keep asking until you feel you understand what the fine print means.