Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 3. Commerce, Community, and Economic Development. |
Part 3.1. Banking, Securities, Small Loans and Corporations. |
Chapter 3.102. New Markets Tax Credit Assistance Guarantee and Loan Program. |
Section 3.102.040. Examination.
Latest version.
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(a) The application and accompanying materials will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's eligibility, financial and credit history, operating plan, ability to repay, and proposed collateral. (b) On the basis of the information provided, the loan officer will either request additional information required under 3 AAC 102.030, notify the applicant that the applicant is ineligible for a guarantee or loan, or recommend a proposed action on the guarantee or loan request to the appropriate loan committee. The recommendation of a loan officer is not binding on a loan committee.
Authorities
44.88.085;44.88.720;44.88.730;44.88.770
Notes
Authority
AS 44.88.085 AS 44.88.720 AS 44.88.730 AS 44.88.770 Editor's note: Even though 3 AAC 102.040 was adopted and effective 3/29/2013, it was not published until Register 207, October 2013.History
Eff. 3/29/2013, Register 207
References
3.102.040