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You have been asked to make a construction loan agreement for a lender client of the firm. The lender wants the maximum protection against problems

You have been asked to make a construction loan

agreement for a lender client of the firm. The lender

wants the maximum protection against problems

as they disburse the loan proceeds. In drafting the

construction loan agreement, what requirements would

you add for the disbursement of the loan proceeds

during construction?

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