3 AAC 78.015 - Examination
(a) A loan officer shall evaluate and process
the materials described in
3
AAC 78.010. 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 these evaluations, the
loan officer shall 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 45.88.020
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