An open end loan advance is the disbursement of funds under an open-end credit plan. The first advance cannot be made until the credit agreement has been signed and the disclosures given to the borrower(s).
What is a open end loan advance? Print
Modified on: Thu, Nov 7, 2019 at 1:07 AM
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.