Oxidation is a natural stage in the life of your asphalt. It may show up early if your driveway has direct exposure to the midday sun. But most often this stage is seen anywhere from 9 to 18 months after the asphalt is poured. Loose gravel and cracking that appears within the first year is definitely a problem.
Escrow Disbursement Date Law and Legal Definition. Escrow disbursement date means the date on which the servicer actually pays an escrow item from the escrow account. However, the lender must pay the items in a timely manner, that is, on or before the deadline to avoid a penalty.
For instance, you must disburse a FSA credit balance to a student within 14 days of the date it was created or within 14 days of the first day of class, and you must notify a student of a loan disbursement within a time frame related to the date of that disbursement.