Do I have to submit a request each month to avoid going over the maximum monthly amount allowable?
No. You can submit request at any interval you desire. For example, you open a Transportation Account with a deduction of $100.00 per month. You then incur $100.00 in transportation costs each month for the months of January, February and March. You can submit a single request for $300.00 which represents your actual expenses. Since no single month exceeded the maximum reimbursable amount, the request would be approved.
Related Questions
- I currently have a construction loan in process and I have submitted a draw request, or am about to submit a draw request. What is going to happen to my request?
- Do I have to submit a request each month to avoid going over the maximum monthly amount allowable?
- If multiple sites are specified in one application, what is the maximum request allowable?
