Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An example of Dispersing Funds Directly , as it relates to money being lent to a borrower by a lending institution would be: Informing the
An example of Dispersing Funds Directly as it relates to money being lent to a borrower by a lending institution would be:
Informing the Credit Bureau that the customer will be using the new loan to repay other debt.
Sending a Bank Draft to the car dealership to pay for a car that the customer is using the borrowed funds to purchase.
Consolidating all of the customers debt into one loan.
Depositing the proceeds of the loan directly into the customers bank account.An example of Dispersing Funds Directly as it relates to money being lent to a borrower by a lending institution would be:
Informing the Credit Bureau that the customer will be using the new loan to repay other debt.
Sending a Bank Draft to the car dealership to pay for a car that the customer is using the borrowed funds to purchase.
Consolidating all of the customers debt into one loan.
Depositing the proceeds of the loan directly into the customers bank account.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started