- Renatus In-house Billing -The initial period of time between an ICMs entry of an order and when the ICM is eligible for commission payment is 12 days. (7-day rescission, beginning at verification of signature, +5-day wait). The commission distribution then takes place the following commission period; Tuesday and Friday of each week my means of ACH.
Subsequent collected payments will be processed as they are received by Renatus as per the customers billing agreement. The commission distribution then takes place the following commission period; Tuesday and Friday of each week by means of ACH.
- UGA Financed Orders - UGA remits monthly collected payments to Renatus on or about the 15th of every month. The payments and monthly report are entered in the system as they are received by Renatus. The commission distribution then takes place the following commission period; Tuesday and Friday of each week by means of ACH.
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