R 390.1630
R 390.1630 Loan disbursement.
Cite as Mich. Admin. Code R 390.1630
Rule 10. (1) Loan proceeds shall not be disbursed more than 1 month before the
start of the loan period as specified on the application.
(2) Loans may be disbursed after the loan period has expired if authorized by the
authority.
(3) The interest and reserve fee, if applicable, shall be refunded if the disbursed
funds are returned to the authority within 30 days of the date of the disbursement.