- (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.
(Eff. 9/11/85, Register 95; am 8/10/97, Register 143; am 9/7/2012, Register 203)
Authority: AS 45.88.020