Disbursement of settlement proceeds definition

Disbursement of settlement proceeds means the payment of all closing funds from the transaction by the settlement agent to the persons or entities entitled to that payment.
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Disbursement of settlement proceeds means the payment of all proceeds of the transaction by the settlement agent to the persons entitled thereto;
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Disbursement of settlement proceeds means the payment of all proceeds of the transaction by the
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Examples of Disbursement of settlement proceeds in a sentence

  • Disbursement of settlement proceeds" means the payment or sending of all proceeds of the transaction to the person or account designated to receive the proceeds.[PL 1999, c.

  • Disbursement of settlement proceeds" means the payment or sending of all proceeds of the transaction to the person or account designated to receive the proceeds.[ 1999, c.


More Definitions of Disbursement of settlement proceeds

Disbursement of settlement proceeds means the payment of
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Disbursement of settlement proceeds means the payment of all closing
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Related to Disbursement of settlement proceeds

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.