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This document outlines the terms and conditions of the Automatic Flexible Drafting Program (FLEX Program) offered by Monterra Credit Union for mortgage loan payments. It explains how to enroll in the program, the options for payment frequency, handling of drafted funds, and responsibilities for both the borrower and the lender. The FLEX Program allows borrowers to make payments easier by splitting their monthly payment into semi-monthly or bi-weekly drafts.
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How to fill out automatic flexible drafting program

01
Open the automatic flexible drafting program on your device.
02
Select the 'New Draft' option to start a new project.
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Choose the template that best fits your drafting needs.
04
Input relevant data and specifications in the designated fields.
05
Utilize the automatic features to adjust dimensions and layouts as needed.
06
Review the draft for accuracy and completeness.
07
Save your work periodically to avoid losing progress.
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Once finished, export the draft in your desired format (e.g., PDF, DWG).

Who needs automatic flexible drafting program?

01
Architects who require design layouts and plans.
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Engineers needing precise technical drawings.
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Construction companies for project blueprints.
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Interior designers for space planning and drafting.
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Students in drafting or design courses for practice.
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Professionals in manufacturing requiring product specifications.
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The Automatic Flexible Drafting Program (AFDP) is a regulatory tool that allows entities to submit drafts of certain documents automatically under specified guidelines, enhancing efficiency in compliance.
Entities required to file the AFDP typically include companies and organizations within regulated industries that must comply with specific documentation requirements set by regulatory bodies.
To fill out the AFDP, an entity must complete the designated forms, provide accurate information as required by the guidelines, and submit them electronically or as specified by the regulatory authority.
The purpose of the AFDP is to streamline the submission process for required documents, reduce administrative burden, and ensure timely compliance with regulatory requirements.
Information required on the AFDP includes entity identification details, description of documents being submitted, compliance dates, and any other specific data mandated by the regulatory authority.
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automatic payments FLEX program mortgage loan drafting agreement billing options bi-weekly payments semi-monthly payments Monterra Credit Union authorized account loan repayment

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