Usually you just go down to the bank and sign a few papers. The bank usually deducts the closing costs from the money it gives you. If you've applied for a Home Equity Loan, the bank will give you a check on the spot, or deposit the money into your account. If you've applied for a Home Equity Line of Credit, you decide when you want to receive the money and how much you want to take at any one time. How you collect your funds depends on the bank.
Some banks issue a check.
Others deposit the money into your account, or give you a checkbook of blank checks.