Disbursements

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Disbursements

A loan disbursement is a payment that’s made to the associated parties of a loan closing. The first loan proceeds will be disbursed to third parties for a service provided (ie: property appraisal or PCAs) or for a statutory required action (ie: searches or land registry fees). After all parties are paid, then the remaining funds from the loan will be disbursed to the borrower.

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