Construction Financing Law

Construction Financing Law involves the legal framework governing how construction projects are funded. It includes the agreements and regulations that apply when lenders provide money to builders or developers to complete projects. This law ensures that contracts specify terms such as loan amounts, interest rates, and repayment schedules. It also addresses security interests, which protect lenders by giving them claims over the property if the borrower defaults. Overall, it helps facilitate the financing of construction projects while protecting the rights of all parties involved.