Question: What does the timeline look like from when a financed order is submitted and UGA Remits funds to Renatus?



If a financed application is received before the 15th of the month the customer will make their first payment in the following month and UGA will remit the collected payment by the 15th of the next month.  If the financed application is received late in the month the customer may not make their first payment for 45 days which will postpone the remittance process and delay commission payments.  Of course, once payments have started and commissions are paid the appropriate IMAs income should flow with regularity.  If on the other hand the contract is purchased by UGA, UGA will remit a discounted lump sum to Renatus within 10 days of finance application receipt and Renatus will pay commissions on the following Tuesday or Friday commission run.

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