Mediation agreements must be resolved within how many days after the date of the last demand for funds?

• A. 60 days
• B. 120 days
• C. 180 days
• D. 90 days

Answer: (D)

Mediation agreements have a 90-day deadline to be resolved after the date of the last demand for funds. This timeframe encourages timely closure of the settlement, providing a clear end point for finalizing terms and issuing any required payments. A shorter period could be impractical for completing all necessary paperwork and authorizations, while a longer period risks protracted disputes and delayed fund disbursement. The 90-day limit strikes a balance, ensuring disputes are settled promptly once the last demand for funds is made.