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LSDefine

Simple English definitions for legal terms

procuration fee

Read a random definition: certification of bargaining agent

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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