Asked by Anonymous
Will there be penalty if late disbursement by LPPSA?
I'm looking at buying a subsale property using LPPSA, but when going through the documents noted a clause that says have to pay balance Purchase Price within 90 days of SPA and additional 30 days at interest rate of 8% PA. LPPSA disbursement usually takes some time, so does that mean I will have to pay that 8% penalty?
I'm looking at buying a subsale property using LPPSA, but when going through the documents noted a clause that says have to pay balance Purchase Price within 90 days of SPA and additional 30 days at interest rate of 8% PA. LPPSA disbursement usually takes some time, so does that mean I will have to pay that 8% penalty?
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