Section 3.79.015. Examination.

	(a)  The materials described in 3 AAC 79.010 will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's financial and credit history, ability to repay, and proposed collateral.  
	(b)  On the basis of the evaluation, the loan officer will either inactivate the application, due to lack of information required under 3 AAC 79.010, or recommend proposed action on the loan request to the appropriate loan committee. However, the recommendation of a loan officer is not binding on a loan committee.  

Authorities

45.88.120;45.88.150;01.05.031;45.89.030;45.89.070;44.62.125

Notes

Authority

AS 45.88.120 AS 45.88.150 Editor's note: Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.89.030 as AS 45.88.120; former AS 45.89.070 as AS 45.88.150. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 79.015 to reflect the statutory renumbering.

History

Eff. 9/11/85, Register 95; am 8/10/97, Register 143

References

3.79.015