The 7(a) Lender states the disbursement period in the Terms and Conditions and fully disburses within 48 months of approval (any balance is cancelled; exceptions via the exceptions-to-policy route). It uses a closing escrow for no more than 5 business days, neither reports the loan as disbursed nor charges the guaranty fee until all funds leave escrow, and charges interest only on funds released. The note includes the interest rate terms (any interest-only period, adjustment dates and frequency), maturity, the repayment terms from the Terms and Conditions, the subsidy recoupment fee for maturities of 15 years or more, state-specific language, CAPLine master and sub-note structure without interest-only beyond the cash or project cycle, and, for loans sold on the secondary market, the required rate, payment, application-of-payment and prepayment notice provisions. Any tax and insurance escrow collects no more than 105% of the annual requirement, is FDIC insured, pays the Borrower at least a money market rate, is administered like the Lender's conventional accounts with annual statements, and is refunded within 15 business days of closing the account.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.