If I send Loan Docs on 10/1/2021, and the borrower signs and returns on 10/3/2021, when does interest begin to accrue, 10/1 or 10/3?

How can interest begin to accrue prior to the borrower actually receiving funds?

Welcome to the BOL Forum, Flash! You can charge interest however and whenever your note specifies, but most likely, state law prohibits interest prior to funding. Obviously, you can't collect interest until your customer signs (wet signature or electronic) the note. These are contractual considerations, and all contracts must be drawn and enforced according to the statutory and case laws of your state. Questions regarding contracts are best directed to the bank's attorney.

Great, Thank You Richard. This was the answer I was expecting, just wanted to confirm that an esign loan, for the most part, is the same as an in-person loan.