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Land acquisition and development loans are usually disbursed: A) upon loan approval or at the time actual development commences. B) on a piecemeal basis as

Land acquisition and development loans are usually disbursed:

A) upon loan approval or at the time actual development commences.

B) on a piecemeal basis as improvements are completed.

C) only on completion of the development project.

D) whenever requested by the developer.

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