3 AAC 86.015 - Examination
(a) The materials described in
3
AAC 86.010 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 86.010, or recommend proposed action on the
request for assumption to the appropriate loan committee. However, the
recommendation of a loan officer is not binding on a loan committee.
Notes
Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.95.010 as AS 45.81.200; former AS 45.95.020 as AS 45.88.210. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 86.015 to reflect the statutory renumbering.
Authority:AS 45.81.200
AS 45.81.210
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