"Wet payment laws" demand that lending banks pay out funds during a particular period of time as soon as the closing date of the loan, which may vary according to the specific state where the mortgage was taken out. Di*****ursement times may differ depending on the state where the mortgage took place and can range from the date of closing to within two days afterwards. Intentionally made-up to shield the consumer versus bank fraud, these laws prevent lending banks to postpone funds dispersal as soon as the required papers have been signed.
The terms "dry funding" and "wet funding" are slang and refer to the state where the funding was started. "Dry" states refer to those states where the paperwork required to officially close a loan does not need to be concluded on the day of closing. All the necessary documents required to close the loan should be ready and approved at the time of closure when dealing with wet funding regulations
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• 謝謝,我想就是這個意思. -福大命大- ♂ (0 bytes) () 11/28/2012 postreply 22:41:31