Initial Disbursement Limit

Initial Disbursement Limit means the maximum amount of funds that can be advanced to a borrower of an adjustable interest rate HECM allowed at loan closing and during the First 12-Month Disbursement Period in accordance with 206.25.

Source

24 CFR § 206.3

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Scoping language

As used in this part, the following terms shall have the meaning indicated.

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