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LSDefine

Simple English definitions for legal terms

procuration fee

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A quick definition of procuration fee:

A procuration fee is a payment given to a lawyer for helping someone get a loan. It's like a thank you for their hard work in finding the right loan for the person. It's also called procuration money.

A more thorough explanation:

A procuration fee is a commission or brokerage paid to a solicitor for obtaining a loan. This fee is paid by the borrower and is usually a percentage of the loan amount.

John wants to borrow $10,000 from a bank. He goes to a solicitor to help him with the loan application. The solicitor charges a procuration fee of 1% of the loan amount, which is $100. John agrees to pay this fee.

Another example is when a real estate agent helps a buyer obtain a mortgage to purchase a property. The lender pays the procuration fee to the agent for their services.

These examples illustrate how a procuration fee is a payment made to a solicitor or agent for their assistance in obtaining a loan or mortgage for a borrower.

procurationes ad resignandum in favorem | procurator

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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