§ 200.81 - Disbursement of mortgage proceeds.  


Latest version.
  • The mortgagee shall be obligated, as a part of the mortgage transaction, to disburse the principal amount of the mortgage to the:

    (a) Mortgagor or mortgagor's account;

    (b) Mortgagor's creditors for the mortgagor's account, subject to the mortgagor's consent.