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#699818 - 03/12/07 04:07 PM Commercial Loan Funding
stormie Offline
100 Club
Joined: Nov 2004
Posts: 102
Is there any compliance issue where commercial loan documents are dated on a specific date but check is not generated for approximately 2 weeks later?

What happened is loan documents were delivered via mail, signed and returned to bank and this process took approximately 2 weeks. Loan Admin has now been requested to prepare check for funding and are saying that this cannot be done because of the discrepancies in dates.

Please help??????

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Lending Compliance
#699929 - 03/12/07 06:03 PM Re: Commercial Loan Funding stormie
Tom at HOME Offline
Diamond Poster
Joined: Oct 2005
Posts: 1,139
I don't see a problem, unless your note says otherwise.

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