A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
TRID requires process changes to the loan origination life-cycle, particularly in the way that lenders approach the closing of loans. Under the new rule, the closing process needs to be at least three days ahead to meet the Closing Disclosure timing requirement.
Federal law requires Direct Loans to have two disbursement dates for each loan period. The information given below is examples of loan disbursement periods. A first time borrower at Sauk Valley Community College has a thirty day waiting period prior to the first disbursement of his/her loan. This does not affect the second disbursement.