18-35.Release provisions written into ADC loans are mainly for the protection of the:

Question

Quizplus · Accepted Answer

Release provisions written into ADC loans are mainly for the protection of the lender. These provisions ensure that the lender's collateral (the property being developed) is released from the loan as progress payments are made, thereby reducing the lender's risk of loss in the event of default by the borrower. It also provides the lender with some guarantee that the funds borrowed are being used for the intended purpose of developing the property.

18-35Release Provisions Written into ADC Loans Are Mainly for the Protection