Davidjenkins: CSV import

2018-09-04T13:47:06Z

CSV import

Davidjenkins: CSV import

2018-09-04T13:05:59Z

CSV import

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==Overview==
==Sources==
==Wet or Dry Settlement==Wet==Definition==Disbursement of loan funds means the delivery of the loan funds by the lender to the settlement agent in one or more of the following forms:
(A) cash;
(B) wired funds or electronic transfer;
(C) certified check;
(D) checks issued by a governmental entity or instrumentality;
(E) cashiers check, or teller check or any transfer of funds by check or otherwise that is fully collected and unconditionally available to the settlement agent;
(F) checks or other drafts issued by a state-chartered or federally-charted credit union; and
(G) checks issued by an insurance company licensed in a state of Vermont. 9 VT Stat. Ann. 201(1).==Requirements==The lender shall, at or before the loan closing, cause disbursement of loan funds to the settlement agent; however, in the case of a refinancing, or any other loan where a right of rescission applies but has not been exercised, the lender shall, prior to 2:00 p.m. Eastern Standard Time of the first business day after the expiration of the rescission period required under the federal Truth-in-Lending Act (15 U.S.C. § 1601 et seq.), cause disbursement of loan funds to the settlement agent. 9 VT Stat. Ann. 203(a).===Exceptions to Requirements===N/A==Cross-References==
* [[Vermont]]
* [[Good Funds]]

@@ Line 1: / Line 1: @@
 ==Overview==
 ==Sources==
-==Wet or Dry Settlement==Wet==Definition==Disbursement of loan funds means the delivery of the loan funds by the lender to the settlement agent in one or more of the following forms:
+==Wet or Dry Settlement==
 (A) cash;
 (B) wired funds or electronic transfer;
 (C) certified check;
 (D) checks issued by a governmental entity or instrumentality;
-(E) cashiers check, or teller check or any transfer of funds by check or otherwise that is fully collected and unconditionally available to the settlement agent;
+(E) cashier?s check, or teller check or any transfer of funds by check or otherwise that is fully collected and unconditionally available to the settlement agent;
 (F) checks or other drafts issued by a state-chartered or federally-charted credit union; and
-(G) checks issued by an insurance company licensed in a state of Vermont.  9 VT Stat. Ann. 201(1).==Requirements==The lender shall, at or before the loan closing, cause disbursement of loan funds to the settlement agent; however, in the case of a refinancing, or any other loan where a right of rescission applies but has not been exercised, the lender shall, prior to 2:00 p.m. Eastern Standard Time of the first business day after the expiration of the rescission period required under the federal Truth-in-Lending Act (15 U.S.C. § 1601 et seq.), cause disbursement of loan funds to the settlement agent.  9 VT Stat. Ann. 203(a).===Exceptions to Requirements===N/A==Cross-References==
+(G) checks issued by an insurance company licensed in a state of Vermont.  9 VT Stat. Ann. 201(1).
 * [[Vermont]]
 * [[Good Funds]]

Good Funds in Vermont - Revision history

Davidjenkins: CSV import

Davidjenkins: CSV import