3 AAC 80.205 - Examination
(a) The materials described in
3
AAC 80.200 will be processed and evaluated by a loan
officer.
(b) On the basis of the
evaluation, the loan officer will either
(1)
inactivate the application due to
(A) lack of
information required under
3
AAC 80.200; or
(B) the ineligibility of the applicant;
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 16.10.310
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