Cash Out Status

From Open Risk Manual

Definition

Cash Out Status. A category indicating the extent to which funds are released to the borrower on a new loan origination that is refinancing an existing loan

This is subject to lender and/or investor policy(s).

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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