Note: Disbursements can only be released Monday to Friday, 8:00 a.m. - 5:00 p.m. EST, during Payments Canada business hours. See their closure schedule.
Once the funds have been transferred to the SureFund Disbursement Account, and the deal is in Required Funds Received status, you can release the deal funds for disbursement.
Note: If the deal was a Purchase and Sale transaction with collaboration from both party lawyers, only the vendor lawyer can release funds.
To release the funds:
- On the Disbursements tab of the deal, select RELEASE FUNDS.
A confirmation window displays.
- Select RELEASE FUNDS to confirm.
A notification will be sent to all parties.
Note: If there are any issues with your disbursement, you will receive a note within 30 minutes of submission.