The Lending Phase

  • This phase starts with approval of the loan by The Borrower. Once this happens, interest will begin to accrue and the Borrower may withdraw the principal of the loan.

  • During the Lending Phase, Investors may only withdraw funds by initiating a withdrawal request.

  • The Payers make their payments to the Vault in accordance with the agreed schedule.

  • The Borrower may, at specified times in a transaction with numerous regular payments to the Investors, withdraw excess cash paid into the Vault by Payers not required to meet the payment obligations of the Borrower.

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