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New Mexico Dry Unless the net loan funds necessary to complete a purchase of real property have been previously delivered to the seller or to the closing agent, a lender shall deliver the required net loan funds within two business days of the time that the lender deems the closing agent has fulfilled the requirements of the closing agent's duties, except for the recordation of documents, and shall:
1. authorize the closing agent to record with the county clerk all documents necessary to complete the real estate transaction and release the proceeds of the real estate transaction in accordance with agreed upon escrow instructions;
2. advise the closing agent of any funding conditions, as set forth in the lender's escrow instructions, that have not been satisfied and instruct the closing agent in writing what is to be done with any of the lender's funds held in escrow; or
3. advise the closing agent that the documentation for the real estate transaction does not satisfy the lender's escrow instructions, specify the manner in which that documentation does not satisfy those instructions and instruct the closing agent in writing what is to be done with any of the lender's funds held in escrow. "Net loan funds" means the mortgage loan amounts specified in the note and mortgage less lender-retained fees, as specified in the lender's instruction to the closing agent.
What else can I help you with?
Is Florida a wet funding state?
Yes, Florida IS a wet funding state.
Is Montana a wet funding state?
"Wet funding" and "dry funding" refers to when a mortgage is considered "officially" closed. Most states including Montana are "Wet Funding" states.
Is Utah a wet funding state?
Yes
What states are wet funding states?
Utah
Is Colorado a state or a country?
Colorado is a state in western USA
Which o fthe following is true about state funding for education?
State funding for education varies from state to state. Some states provide a larger portion of funding for education from state resources, while others rely more heavily on local funding or federal assistance. The level of state funding can impact the quality of education provided within a state.
Who regulates campaign funding in state and local elections?
State laws regulate funding in both.
What state is Colorado Mesa University in?
Colorado State University is in Fort Collins, Colorado.
How is the funding regulated in state elections?
Campaign funding in state elections are regulated by state laws passed by each state's general assembly.
What is state funding?
State funding is when the state funds the political parties within the country. These can be allocated per vote or as a set amount.
How is campaign funding regulated in the state elections?
Campaign funding in state elections are regulated by state laws passed by each state's general assembly.
What is Colorado's state car?
Colorado has no state car.
