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How Do I Set Up a Disbursement Account or Payment Card for Contract Fees?

Learn how to assign a disbursement account and set a credit card to cover setup fees and other contract fees on an active loan.

Lenders can control how contract fees are collected and where funds are disbursed directly from the Account section of a loan contract.

Setting Up a Disbursement Account
Lenders can add a bank account to receive disbursed funds for a single active loan contract.

Go to the contract's Account section, add or select the account you want to use, and complete the update process to apply it to that specific contract.

Change Deposit Account on a Loan

Adding a Credit Card for Contract Fees
You can also add a credit card to cover setup fees and other contract-related charges on a single contract. This is managed by the lender or the loan's creator/originator, and changes made here apply only to that individual loan.