3 AAC 75.015 - Examination
(a) A loan officer shall evaluate and process
the materials described in
3
AAC 75.010. The loan officer shall evaluate the
applicant's eligibility, financial and credit history, financial statement,
ability to repay, and proposed collateral.
(b) On the basis of the evaluation, the loan
officer shall either
(1) inactivate the
application due to
(A) lack of information
required under
3
AAC 75.010;
(B) ineligibility of the applicant;
or
(C) failure by the aircraft to
meet the eligibility requirements under
3
AAC 75.025; or
(2) 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.
Notes
Authority:AS 44.33.660
AS 44.33.665
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